Question: Please provide the answer to this general accounting question using the right approach. Sapphire Rugs, a specialty carpet manufacturer, completed Its year- end financials. The

Please provide the answer to this general accounting question using the right approach.

Sapphire Rugs, a specialty carpet manufacturer, completed Its year- end financials. The accounting department reported net sales of $2,100,000 and confirmed that cost of goods sold for the year amounted to $1,620,000. Management is preparing to report performance to investors and needs to determine the company's gross profit for the year. What is Sapphire Rugs' gross profit for the year

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