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You are provided with the following incomplete information about the income statement for company XYZ, year ending 20XX Sales. $925,000 C.O.G.S $? Expensive $(information is

You are provided with the following incomplete information about the income statement for company XYZ, year ending 20XX

Sales. $925,000

C.O.G.S $?

Expensive $(information is missing)

Net Income $25,000

You are told that the Gross Profit of Company XYZ for that year was $265,000. Fill in the COGS amount

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