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The following information is from the 2016 accounting records of Oregon Company Sales revenue $625,000 Beginning inventory (V12016) $254,000 Purchases $366,000 Historical gross margin ratio

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The following information is from the 2016 accounting records of Oregon Company Sales revenue $625,000 Beginning inventory (V12016) $254,000 Purchases $366,000 Historical gross margin ratio 45% What is Oregon Company's estimated gross margin in dollars? Multiple Choice $343,750 $281.250 $164700 O $310.000

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