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During 2016, its first year of operations, Hollis Industries recorded sales of $11,400,000 and experienced returns of $910,000. Cost of goods sold totaled $8,550,000 (75%
During 2016, its first year of operations, Hollis Industries recorded sales of $11,400,000 and experienced returns of $910,000. Cost of goods sold totaled $8,550,000 (75% of sales). The company estimates that 9% of all sales will be returned
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