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Cressley Antiques, Inc., began March with inventory of $47,000. The business made net purchases of $35,700 and had net sales of $64,900 before a fire
Cressley Antiques, Inc., began March with inventory of $47,000. The business made net purchases of $35,700 and had net sales of $64,900 before a fire destroyed the company's inventory. For the past several years, Cressley's gross profit percentage has been 45%. Read the requirement
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