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Gross profit margin (gross profits/by sales) of 29% and sales of $8.7 million last year. 74% of the sales are on credit, and the remainder

Gross profit margin (gross profits/by sales) of 29% and sales of $8.7 million last year. 74% of the sales are on credit, and the remainder are cash sales. Current assets equal $1.7 million, curren...

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