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1. Baruch Company reports following common-size income statement for the year ended December 31, 2022. Sales Cost of Goods Sold Year ended December 31, 2022 100% 60% For 2022, Baruch Company sold 250 million units at a sale price of $1 each. What is the dollar amount of gross profits in 2022? A. $100 million B. $80 million C. $60 million D. None of above E. Can't tell. More information is needed.

1. Baruch Company reports following common-size income statement for the year ended December 31, 2022. Sales Cost of Goods Sold Year ended December 31, 2022 100% 60% For 2022, Baruch Company sold 250 million units at a sale price of $1 each. What is the dollar amount of gross profits in 2022? A. $100 million B. $80 million C. $60 million D. None of above E. Can't tell. More information is needed.

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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1. Baruch Company reports following common-size income statement for the year ended December 31, 2022. Sales Cost of Goods Sold Year ended December 31, 2022 100% 60% For 2022, Baruch Company sold 250 million units at a sale price of $1 each. What is the dollar amount of gross profits in 2022? A. $100 million B. $80 million C. $60 million D. None of above E. Can't tell. More information is needed.
Transcribed Image Text:1. Baruch Company reports following common-size income statement for the year ended December 31, 2022. Sales Cost of Goods Sold Year ended December 31, 2022 100% 60% For 2022, Baruch Company sold 250 million units at a sale price of $1 each. What is the dollar amount of gross profits in 2022? A. $100 million B. $80 million C. $60 million D. None of above E. Can't tell. More information is needed.
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