Question
Consider the following incomplete income statement: 2013 Income Statement Sales $2,607,300.00 COGS 40.00% of sales Gross Profit Margin 60.00% of sales Selling & Administrative $786,600.00
Consider the following incomplete income statement:
2013 Income Statement Sales $2,607,300.00 COGS 40.00% of sales Gross Profit Margin 60.00% of sales Selling & Administrative $786,600.00 Depreciation & Amortization $????? Operating Profit Margin 12.00%
What is the cost of goods sold for 2013?
Answer Format: Currency: Round to: 2 decimal places
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
