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Roway's Nursery had cost of goods sold during its first year of $63,600 and a gross margin equal to 40% of sales. What was
Roway's Nursery had cost of goods sold during its first year of $63,600 and a gross margin equal to 40% of sales. What was the dollar amount of the company's sales? Could Rowdy's have a net loss for the year? Explain. Answer:
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Fundamentals of Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
5th edition
978-0077924379, 77924371, 978-0078025396, 78025397, 978-0077425654, 77425650, 978-0077667061
