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Vital Company Had Net Income on This Period's Income Statement

Question 2

Multiple Choice

Vital Company had net income on this period's income statement in the amount of $624,240,other expense in the amount of $381,480 and a gross profit ratio of 58%,what was the amount of net sales on the income statement?


A) $1,836,000
B) $ 1,076,276
C) $1,734,000
D) Can't be determined with the information given
E) $1,005,720

Correct Answer:

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