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ABC company reported sales of $2,000,000 last year and gross profit of 1,200,000. We estimate sales growth of 10% and an increase in gross profit

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ABC company reported sales of $2,000,000 last year and gross profit of 1,200,000. We estimate sales growth of 10% and an increase in gross profit margin of 200 basis points. What do we estimate gross profit to be next year? $1,364,000 $1,593,000 $1,442,000 $1.298,450

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