If PetCo had net sales of $600,000, goods available for sale of $450,000, and cost of goods

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If PetCo had net sales of $600,000, goods available for sale of $450,000, and cost of goods sold of $375,000, what is its gross margin? What amount of inventory will be shown on its balance sheet?

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Survey Of Accounting

ISBN: 9780077503956

1st Edition

Authors: Thomas Edmonds, Philip Olds, Frances McNair, Bor-Yi Tsay

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Question Posted: Jan 03, 2012 01:33 AM

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If PetCo had net sales of $600,000, goods available for sale of $450,000, and cost of goods

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Survey Of Accounting

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