MBI Inc. had sales of $900 million for fiscal 2019. The companys gross profit ratio for that year was 37.5%. Required: a. Calculate the gross profit and cost of goods sold for MBI for fiscal 2019. (Enter your answers in millions rounded to 1 decimal place. (i.e., 5,400,000 should be entered as 5.4)).

MBI Inc. had sales of $900 million for fiscal 2019. The companys gross profit ratio for that year was 37.5%. Required: a. Calculate the gross profit and cost of goods sold for MBI for fiscal 2019. (Enter your answers in millions rounded to 1 decimal place. (i.e., 5,400,000 should be entered as 5.4))

ross profit		million
Cost of goods sold		million

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