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Smith Equipment Company has a gross profit margin of 30 percent, a net profit margin of 4 percent, and earnings after taxes of $20,000. What

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Smith Equipment Company has a gross profit margin of 30 percent, a net profit margin of 4 percent, and earnings after taxes of $20,000. What is the cost of sales for the company? Select one: $325,000 $350,000 $225,000 $125,000 $150,000 $200,000 $375,000

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