You are given the following information: cost of merchandise sold, $404,000; operating expenses, $785,122; and net sales,

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You are given the following information: cost of merchandise sold, $404,000; operating expenses, $785,122; and net sales, $557,225. What is the company’s gross profit on sales?

a. $381,122

b. $227,897

c. $267,135

d. $153,225

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Glencoe Accounting First Year Course

ISBN: 9780078688294

1st Edition

Authors: Andrée Vary

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Question Posted: Jun 13, 2022 12:25 AM

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You are given the following information: cost of merchandise sold, $404,000; operating expenses, $785,122; and net sales,

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Glencoe Accounting First Year Course

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