A companys sales revenue for the most recent quarter was $3.5 million and cost of goods sold

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A company’s sales revenue for the most recent quarter was $3.5 million and cost of goods sold was $2 million. If sales grow by 20% in the next quarter and all ratios remain the same, gross profit will be

a). $1.15 million.

b). $1.800 million.

c). $2.25 million.

d). $1.375 million.

Related Book For answer-question

Managerial accounting

ISBN: 978-0471467854

1st edition

Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin

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Posted Date: Jan 18, 2021 04:24 AM

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A companys sales revenue for the most recent quarter was $3.5 million and cost of goods sold

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Gross profit will be 18 million Solution Currently Sales 35 million Cost of sale... View the full answer

Managerial accounting

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