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Joan's Co. knows that, nationwide, companies in its industry earn, on average, a percent gross margin of 38% and a percent net margin of

  

Joan's Co. knows that, nationwide, companies in its industry earn, on average, a percent gross margin of 38% and a percent net margin of 11%. Joan's Co. forecasts sales of $730,000 next year. If it aims at the same profit ratio as the nationwide average, estimate Joan's cost of goods, gross profit and net profit.

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