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Saguenay Limited reports the following information: sales $650000; sales returns and allowan discounts $55,000: cost of goods sold $320,000, administraive expenses $10000 selling expenses $25,000

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Saguenay Limited reports the following information: sales $650000; sales returns and allowan discounts $55,000: cost of goods sold $320,000, administraive expenses $10000 selling expenses $25,000 other n $20,000 other expenses $30,000, and income tax expense $25,000. Assuming Saguenay uses a multiple-step incomestaoag calculate the following (a) net sales,(b) gross profit, (c) profit from operations,(d) profit before income tax, and el puoti

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