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The following information is available for Sager Company Operating expenses Cost of goods sold 80,000 245,000 Sales revenue 370,000 Sales returns and allowances 15,000 Instructions

The following information is available for Sager Company

Operating expenses Cost of goods sold

80,000

245,000

Sales revenue

370,000

Sales returns and allowances

15,000

Instructions

1. Compute each of the following:

Net sales
Gross profit

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