Multiple Choice
CarMax Inc. reports sales of $15,875,118 thousand and cost of sales of $13,691,824 thousand for the year ended February 28, 2017.
The gross profit for the year is:
A) $2,183,294 thousand
B) $1,464,362 thousand
C) 86.2%
D) 13.8%
E) There is not enough information to determine gross profit.
Correct Answer:
Verified
Correct Answer:
Verified
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