Question: Please provide the solution to this general accounting question using proper accounting principles. Gross profit in 2020 for the Oak Tree Company totaled $800,000. If

Please provide the solution to this general accounting question using proper accounting principles.

Gross profit in 2020 for the Oak Tree Company totaled $800,000. If the cost of goods sold was 50% of sales, sales must have been A: $1,200,000 B: $1,600,000 C: $2,000,000 D: $3,200,000

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