Multiple Choice
Dunweiler Inc.,is developing a pro forma income statement for the coming year.The chief financial officer estimates that sales will be $150,000,000.If gross profits are historically 36% of sales,what is the expected cost of goods sold (in dollars) ?
A) $36,000,000
B) $54,000,000
C) $64,000,000
D) $96,000,000
Correct Answer:
Verified
Correct Answer:
Verified
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