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    Financial Accounting Information for Decisions
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    Exam 4: Reporting and Analyzing Merchandising Operations
  5. Question
    A Company Has Net Sales of $1,909,000,sales Commissions in the Amount
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A Company Has Net Sales of $1,909,000,sales Commissions in the Amount

Question 22

Question 22

Short Answer

A company has net sales of $1,909,000,sales commissions in the amount of $250,000,net income of $866,400,and gross profit ratio of 60%.What is the amount of cost of goods sold?

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