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An organization has experienced the following revenues and expenses for the year: Sales $2,358,000 Selling and administrative $115,890 expenses Cost of goods sold $1,149,320 What is the gross margin?

An organization has experienced the following revenues and expenses for the year: Sales $2,358,000 Selling and administrative $115,890 expenses Cost of goods sold $1,149,320 What is the gross margin?

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...
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Sub: financial accounting-chapter gross margin

An organization has experienced the following revenues and expenses for the year: Sales $2,358,000 Selling and administrative $115,890 expenses Cost of goods sold $1,149,320 What is the gross margin?
Transcribed Image Text:An organization has experienced the following revenues and expenses for the year: Sales $2,358,000 Selling and administrative $115,890 expenses Cost of goods sold $1,149,320 What is the gross margin?
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