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    What Is the Cost of Sales for a Firm with a Gross
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What Is the Cost of Sales for a Firm with a Gross

Question 66

Question 66

Multiple Choice

What is the cost of sales for a firm with a gross profit margin of 30 percent, a net profit margin of 4 percent, and earnings after taxes of $20,000?


A) $200,000
B) $350,000
C) $150,000
D) $125,000

Correct Answer:

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