If a company has annual sales of $1,200,000 with a gross profit margin of 40%, what is the cost of goods sold?
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- If a company has net sales of $500,000 and cost of goods sold of $350,000, the gross profit percentage is 70%. 30%. 15%. 100%.What is the gross profit marginCP Jenney Stores generates $13,765,230 in sales, $8,735,429 in net profit, and 25% in gross margin. What percentage of sales is cost of goods sold? Hint: vertical analysis.