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United Services and Supplies reports net income of $80000 and cost of goods sold of $371000. If US&S's gross profit rate was 40%, net sales

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United Services and Supplies reports net income of $80000 and cost of goods sold of $371000. If US&S's gross profit rate was 40%, net sales were O $927500. O $716500. O $1007500. O $618333

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