SWFT Comprehensive Volume 2019
42nd Edition
ISBN: 9780357233306
Author: Maloney
Publisher: Cengage
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Given the information in the table below, what is the
company's gross profit?
Sales revenue
$460,000
Accounts receivable $314,000
Ending inventory
$230,000
Cost of goods sold
$175,000
Sales returns
$62,000
Sales discount
$24,000
5 PTS
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