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What is the cost of goods sold (COGS) for a firm with a gross profit margin of 32 percent, a net profit margin of 4.5 percent, and earnings after taxes of $25,000?

What is the cost of goods sold (COGS) for a firm with a gross profit margin of 32 percent, a net profit margin of 4.5 percent, and earnings after taxes of $25,000?

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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what is the cost of goods sold.

What is the cost of goods sold (COGS) for a firm with a gross profit margin of 32 percent, a net profit margin of 4.5 percent, and earnings after taxes of $25,000?
Transcribed Image Text:What is the cost of goods sold (COGS) for a firm with a gross profit margin of 32 percent, a net profit margin of 4.5 percent, and earnings after taxes of $25,000?
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