Question: Multiple Select Question Select all that apply A firm has a 4 0 percent gross profit ratio, Net sales = $ 2 0 0 ,

Multiple Select Question
Select all that apply
A firm has a 40 percent gross profit ratio, Net sales = $200,000, and Cost of goods available for sale = $170,000. Based on this information, which of the following statements are correct?
Multiple select question.
Cost of goods sold = $102,000
Ending inventory = $50,000
Gross profit = $80,000
Beginning inventory = $370,000

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