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Given cost of goods sold of $18,000 and a gross profit margin of 25%, what would the sales be? A. $22,500 B. $24,000 C. $21,000 D. None of these

Given cost of goods sold of $18,000 and a gross profit margin of 25%, what would the sales be? A. $22,500 B. $24,000 C. $21,000 D. None of these

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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What would the sales be on these general accounting question?

Given cost of goods sold of $18,000 and a gross profit margin of 25%, what would the sales be? A. $22,500 B. $24,000 C. $21,000 D. None of these
Transcribed Image Text:Given cost of goods sold of $18,000 and a gross profit margin of 25%, what would the sales be? A. $22,500 B. $24,000 C. $21,000 D. None of these
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