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The following data (in thousands of dollars) have been taken from the accounting records of an actual corporation for the year that just ended: Sales:
The following data (in thousands of dollars) have been taken from the accounting records of an actual corporation for the year that just ended: Sales: $990 Administrative expenses: $180 Selling expenses: $150 Cost of goods manufactured: $470 Finished goods inventory, beginning: $150 Finished goods inventory, ending: $130 The net operating income for the year (in thousands of dollars) was
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