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Recently, you received a common-size annual income statement for The Bistro, which showed a net income of $120,000 and 8%. The Bistro does not sell
Recently, you received a common-size annual income statement for The Bistro, which showed a net income of $120,000 and 8%. The Bistro does not sell alcohol and the cost of food sold percentage on the statement was 30%. Considering this information, the total cost of food sold must have been:
$ 36,000
$ 225,000
$ 450,000
$ 750,000
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