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Yasmin Co. has current assets of $100,000 and total assets of $300,000. Yasmin Co. has current liabilities of $60,000 and total liabilities of $150,000. Their
Yasmin Co. has current assets of $100,000 and total assets of $300,000. Yasmin Co. has current liabilities of $60,000 and total liabilities of $150,000. Their Sales $150,000 and the cost of goods sold is $87,000 REQUIRED a) Give one example of current assets and one example of current liabilities b) Calculate the owner's equity of Yasmin Co c) Calculate the gross profit d) What is the formula for calculating the cost of goods sold e) Suggest one way in which Yasmin could increase their gross profit
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