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  3. Study Set
    Financial Accounting Information for Decisions
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    Exam 4: Reporting and Analyzing Merchandising Operations
  5. Question
    Scuba Company Had Net Income on the Current Year's Income
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Scuba Company Had Net Income on the Current Year's Income

Question 75

Question 75

Short Answer

Scuba Company had net income on the current year's income statement in the amount of $800,000,other expense in the amount of $400,000,and a gross profit ratio of 58%.What was the amount of net sales on the income statement?

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