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Z-Mart had a gross profit of $340,000 based on sales of $700,000. Its cost of goods sold was $350,000. True or False True False Companies

Z-Mart had a gross profit of $340,000 based on sales of $700,000. Its cost of goods sold was $350,000. True or False True False Companies try to lengthen their operating cycles to increase profit. True or False True False

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