Question: 8. Use a skeletal P/L statement to determine the COGS percent if Frenchie's Faux Furs achieved the following figures: Net profit $45.000 Net profit 11

8. Use a skeletal P/L statement to determine the COGS percent if Frenchie's Faux Furs achieved the following figures: Net profit $45.000 Net profit 11 11 11 3.5% Operating expenses 44.5%

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