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    Financial Accounting Information Study Set 1
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    Exam 4: Reporting and Analyzing Merchandising Operations
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    A Company Had Sales of $375,000 and Its Gross Profit
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A Company Had Sales of $375,000 and Its Gross Profit

Question 85

Question 85

Multiple Choice

A company had sales of $375,000 and its gross profit was $157,500.Its cost of goods sold equal:


A) $(217,000)
B) $375,000
C) $157,500
D) $217,500
E) $532,500

Correct Answer:

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