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16) Sunny Company had a gross profit of $620,000, total purchases of $840,000, and an ending inventory of $480,000 in its first year of operations

16) Sunny Company had a gross profit of $620,000, total purchases of $840,000, and an ending inventory of $480,000 in itsfirstyear of operations as a retailer. Sunny's sales in its first year must have been

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