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Kappa Ltd. has the following information: Beginning inventory: $10,000 Purchases during the year: $50,000 Ending inventory: $15,000 Sales revenue: $80,000 Operating expenses: $20,000 Calculate the
Kappa Ltd. has the following information:
- Beginning inventory: $10,000
- Purchases during the year: $50,000
- Ending inventory: $15,000
- Sales revenue: $80,000
- Operating expenses: $20,000
Calculate the following for Kappa Ltd.: a) Cost of goods sold b) Gross profit c) Gross profit margin
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Accounting Information Systems
Authors: Marshall B. Romney, Paul J. Steinbart
12th edition
132552620, 978-0132552622
