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6 ABC Corporation reports in its 10-K, Revenue of $8.5 million and Gross Profit as a percent of sales equal to 40.5%. For next year,
6 ABC Corporation reports in its 10-K, Revenue of $8.5 million and Gross Profit as a percent of sales equal to 40.5%. For next year, you project that sales will grow by 3% and that Gross profit as a percent of sales will remain at 40.5%. Next year's forecasted Gross profit will be ?
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M Wahlen, Stephen P Baginskl, Mark T Bradshaw
7th Edition
9780324789423, 324789416, 978-0324789416
