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QUESTION 18 Tomas company used the periodic method for inventory. During 2019 they had the following information: Net sales: $1,000,000 gross profit: $250,000. The gross

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QUESTION 18 Tomas company used the periodic method for inventory. During 2019 they had the following information: Net sales: $1,000,000 gross profit: $250,000. The gross profit percentage was: 75% 25 O 4% 100% QUESTION 19 During 2019 the Smith Co. had net sales of $2,000,000 and an expected gross profit percentage of 30%. The probable gross profit was: $600,000 $1,000,000 $2,000,000 $1,400,000

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