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Group B: Calculation, Performances, Interpretation 1. The Body Shop has the following annual information: Gross Sales, $800,000; Net Sales, $700,000; Gross Profit, $550,000. What are

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Group B: Calculation, Performances, Interpretation 1. The Body Shop has the following annual information: Gross Sales, $800,000; Net Sales, $700,000; Gross Profit, $550,000. What are the shop's returns and allowances and cost of goods sold? [3 Marks)

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