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Comprehension Problems CP 5-1 Consider the following information of Jones Corporation over four years: 2022 2021 2020 2019 $10,000 $9,000 ? $7,000 Sales $ Cost

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Comprehension Problems CP 5-1 Consider the following information of Jones Corporation over four years: 2022 2021 2020 2019 $10,000 $9,000 ? $7,000 Sales $ Cost of goods sold Gross profit Gross profit percentage 6,840 6,160 2,500 ? 1,840 22% Required: 1. Calculate the missing amounts for each year. 2. What does this information indicate about the company? CP 5-2

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