Al Shahba has net sales are RO 57500 and gross profit rate is 45% of net sales, then estimated cost of goods sold will be: a. RO 28750 b. RO 31625 c. RO 23000 d. RO 25875

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...
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Al Shahba has net sales are RO 57500 and gross profit rate is 45% of net sales, then estimated cost of goods sold will be:
a.
RO 28750
b.
RO 31625
c.
RO 23000
d.
RO 25875
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