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Gambit Ltd. results for the year ended December 31,2019 , are as follows: Sales revenue $265,000; Cost of goods sold $186,000; Beginning inventory $21,000; Ending
Gambit Ltd. results for the year ended December 31,2019 , are as follows: Sales revenue $265,000; Cost of goods sold $186,000; Beginning inventory $21,000; Ending inventory $24,000. The gross profit margin for 2019 is approximately: Select one: a. 30.9% b. 29.8% c. 21.8% d. 20.7%
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Case Studies In Forensic Accounting And Fraud Auditing
Authors: Professor D. Larry Crumbley, Wilson LaGraize, Christopher E. Peters
2nd Edition
0808041932, 978-0808041931
