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B) A company had gross profit of $156,420 on net sales of $234,630. If ending inventory was $7,920 and average inventory was $7,900, what is
B)
A company had gross profit of $156,420 on net sales of $234,630. If ending inventory was $7,920 and average inventory was $7,900, what is the company's inventory turnover? |
A) A company had expenses other than cost of goods sold of $262,000. Determine sales and gross profit given cost of goods sold was $106,000 and net income was $162,000.
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