Multiple Choice
Reyes Company had a gross profit of $360,000, total purchases of $420,000, and an ending inventory of $240,000 in its first year of operations as a retailer.Reyes's sales in its first year must have been
A) $540,000.
B) $660,000.
C) $180,000.
D) $600,000.
Correct Answer:
Verified
Correct Answer:
Verified
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