A company has net sales of $695,000 and cost of goods sold of $278,000. Its gross profit equals: $973,000 $278,000 $417,000 $237,000 $695,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A company has net sales of $695,000 and cost of goods sold of $278,000. Its gross
profit equals:
$973,000
$278,000
$417,000
$237,000
$695,000
Transcribed Image Text:A company has net sales of $695,000 and cost of goods sold of $278,000. Its gross profit equals: $973,000 $278,000 $417,000 $237,000 $695,000
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