Question
During fiscal 2016, Mass Inc. had sales of $5,456,650, total expenses of $5,138,628 and gross profit of $2,554,391. What was Mass Inc.s cost of sales
During fiscal 2016, Mass Inc. had sales of $5,456,650, total expenses of $5,138,628 and gross profit of $2,554,391. What was Mass Inc.s cost of sales for 2016? ($ in thousands)
| A. | $2,102,065 thousand | |
| B. | $5,138,628 thousand | |
| C. | $2,902,259 thousand | |
| D. | $ 903,944 thousand | |
| E. | There is not enough information to calculate the cost of sales. |
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Personal Finance
Authors: E. Thomas Garman, Raymond Forgue
9th Edition
0618938737, 978-0618938735
