Multiple Choice
In its first year of operations as a retailer, Dudley Ltd.reported a gross profit of $121,000, total purchases of $150,000, and an ending inventory of $60,000.Therefore, Dudley's sales in its first year must have been
A) $61,000.
B) $90,000.
C) $210,000.
D) $211,000.
Correct Answer:
Verified
Correct Answer:
Verified
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