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Gross profit in 2008 for the Lily Company totaled $1,000,000. If cost of goods sold was 60% of sales, sales must have been A: $
Gross profit in 2008 for the Lily Company totaled $1,000,000. If cost of goods sold was 60% of sales, sales must have been
A: $ 400,000 B: $ 600,000 C: $ 1,666,667 D: $ 2,500,000
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Auditing Concepts For A Changing Environment
Authors: Larry E. Rittenberg, Bradley J. Schwieger
5th Edition
0324223102, 978-0324223101
