Multiple Choice
Reyes Company had a gross profit of $720,000, total purchases of $840,000, and an ending inventory of $480,000 in its first year of operations as a retailer. Reyes's sales in its first year must have been
A) $1,080,000.
B) $1,320,000.
C) $360,000.
D) $1,200,000.
Correct Answer:
Verified
Correct Answer:
Verified
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