Multiple Choice
Calculate gross profit given the following information: accounts receivable = $3,500; inventory = $4,500; receivable turnover = 80 times; inventory turnover = 18 times.
A) $199,000
B) $209,000
C) $219,000
D) $229,000
E) $239,000
Correct Answer:
Verified
Correct Answer:
Verified
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