Reyes Company had gross profit of $720,000, total purchases of $840,000, and ending inventory of $480,000 in

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Reyes Company had gross profit of $720,000, total purchases of $840,000, and ending inventory of $480,000 in its first year of retail operations.

What must have been Reyes' sales in his first year?

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Modern Advanced Accounting in Canada

ISBN: 978-1259087554

8th edition

Authors: Hilton Murray, Herauf Darrell

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Posted Date: Apr 12, 2023 12:09 AM

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Reyes Company had gross profit of $720,000, total purchases of $840,000, and ending inventory of $480,000 in

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Modern Advanced Accounting in Canada

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