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Home Q & A Board Other Fields Homework Help Business Accounting
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harra harra
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6 years ago
Given the following data, what is gross margin?

Sales revenue   $950,000
Beginning inventory   150,000
Ending inventory   230,000
Purchases   720,000

A) $150,000
B) $640,000
C) $570,000
D) $310,000
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
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KryzenKryzen
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6 years ago
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harra Author
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#2
6 years ago
Very timely, excellent answer
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