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If a gross margin of $48,000 is 32% of net sales revenues, then net sales revenues must be: a. $150,000 b. $120,000 c. $160,000 d. $180,000

If a gross margin of $48,000 is 32% of net sales revenues, then net sales revenues must be: a. $150,000 b. $120,000 c. $160,000 d. $180,000

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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If a gross margin of $48,000 is 32% of net sales revenues, then net sales revenues must be: a. $150,000 b. $120,000 c. $160,000 d. $180,000
Transcribed Image Text:If a gross margin of $48,000 is 32% of net sales revenues, then net sales revenues must be: a. $150,000 b. $120,000 c. $160,000 d. $180,000
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