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For its fiscal year ended October 31, 2021 (2021 FY), a company recognizes $4,000,000 Cost of goods sold and $1,200,000 of Selling general, and administrative
For its fiscal year ended October 31, 2021 (2021 FY), a company recognizes $4,000,000 Cost of goods sold and $1,200,000 of Selling general, and administrative expenses on its income statement while achieving a percentage gross margin of 25.0%. How much Revenue does the company recognize on its 2021 income statement? Please provide a dollar amount in the answer box below. ANSWER $
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Finance The Basics
Authors: Erik Banks
1st Edition
0415384575, 9780415384575
