Question
The operating expenses of a manufacturer last month were $22,000.00. This amount was 55% of gross margin, and gross margin was 15% of sales. What
The operating expenses of a manufacturer last month were $22,000.00. This amount was 55% of gross margin, and gross margin was 15% of sales. What was the dollar value of sales last month for the manufacturer?
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
13th Edition
1265553602, 978-1265553609
