PC Connection is a leading mail-order retailer of personal computers. A recent financial report issued by the company revealed the following information. Merchandise inventory (beginning of the year) $79 million Merchandise inventory (end of the year) Net sales for the year Gross profit margin $91 million $2.46 billion 13% A. Compute the company's cost of goods sold for the year. B. Approximately how much inventory did PC Connection purchase during the year?
PC Connection is a leading mail-order retailer of personal computers. A recent financial report issued by the company revealed the following information. Merchandise inventory (beginning of the year) $79 million Merchandise inventory (end of the year) Net sales for the year Gross profit margin $91 million $2.46 billion 13% A. Compute the company's cost of goods sold for the year. B. Approximately how much inventory did PC Connection purchase during the year?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:PC Connection is a leading mail-order retailer of personal computers.
A recent financial report issued by the company revealed the
following information.
Merchandise inventory (beginning of the year) $79 million
Merchandise inventory (end of the year)
Net sales for the year
Gross profit margin
$91 million
$2.46 billion
13%
A. Compute the company's cost of goods sold for the year.
B. Approximately how much inventory did PC Connection purchase
during the year?
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