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Question 13 (1 point) A company has a gross profit margin ratio of 25% and reported net sales of $5,000. If inventory at the beginning
Question 13 (1 point) A company has a gross profit margin ratio of 25% and reported net sales of $5,000. If inventory at the beginning of the year who $400, and purchases of inventory were $4,000, and purchase returns were $100, then inventory at the end of the year must be: OA) $650 OB) $550 OC) $450 OD) $625
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