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The Jump Incorporated, is a specialty retailer that operates stores selling clothes under various trade names Assume that yois are emiployed as a stock analyst
The Jump Incorporated, is a specialty retailer that operates stores selling clothes under various trade names Assume that yois are emiployed as a stock analyst and yout boss has just completed a review of The Jump Incorporated, for the first quarter of 2019 : She provided you with her notes, but they are missing some information that you need. Her notes show the inventory for Jump was $2.250. million at the end of the quarter and \$2140 mulion at the beginning of the quarter. Net Sales for the quarter were $3750 million. Gross Profit was $1,360 million and Net income was $237 million. Required: Determine the Cost of Goods Sold and cost of purchases for the first quarter (Enter your onswers in millions.)
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