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Presented below is financial information for two different companies. Nam Mayo Company Company Sales $90,000 (d) Sales returns (a) $ 5,000 Net sales 84,000 100,000

Presented below is financial information for two different companies. Nam Mayo Company Company Sales $90,000 (d) Sales returns (a) $ 5,000 Net sales 84,000 100,000 Cost of goods sold 56,000 (e) Gross profit (b) 41,500 Operating expenses 15,000 (f) Net income (c) 15,000

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