Multiple Choice
A company has net sales of $1,832,000,sales commissions of $194,000,net income of $366,400,and the gross profit ratio of 60%.What is the amount of cost of goods sold?
A) $ 538,800
B) $ 732,800
C) $ 655,200
D) $ 879,360
E) $1,099,200
Correct Answer:
Verified
Correct Answer:
Verified
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