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Rocco's Drug Store, which is located in Waite Park, sells pharmaceuticals, cosmetics, toiletries, magazines, and various novelties. The store's most recent ammual net income statement
Rocco's Drug Store, which is located in Waite Park, sells pharmaceuticals, cosmetics, toiletries, magazines, and various novelties. The store's most recent ammual net income statement is as follows: $5,000,000 Sales revenue Costs Cost of goods sold Wages and salaries Rent Depreciation Utilities Miscellaneous $3,000,000 $250.000 $750,000 $250.000 $125,000 $125,000 $4,500,000 Total Costs Net Profit before tar $500.000 Sales and expenses have remained relatively constant over the past few years and are expected to continue unchanged in the near future. To increase sales, the owners are considering using some floor space for a small full-service coffee bar
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