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Please use the following projections for Top-A1 Inc.: Total sales of $152,000 Cost of goods sold equal to 74.8 percent of sales Total expenses equal

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Please use the following projections for Top-A1 Inc.: Total sales of $152,000 Cost of goods sold equal to 74.8 percent of sales Total expenses equal to 14.9 percent of sales Tax rate of 35 percent Beginning equity of $52,000 Beginning inventory of $11,200 Age of ending inventory of 59 days Minimum cash balance of $9,100 Accounts receivable of 32 days Fixed assets of $55,600 Accounts payable of 35 days Calculate the projected gross profit for Top-A1. . . The gross profit is $(_ (Round to the nearest dollar.)

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