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Ratios: Gross Profit Rate
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Ratios: Gross Profit Rate
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14. Financial Statement Analysis / Ratios: Gross Profit Rate / Problem 7
Problem 7
A company reports net sales of \$750,000 and a cost of goods sold of \$500,000. What is the gross profit?
A
\$250,000
B
\$750,000
C
\$500,000
D
\$1,250,000
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