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2 years ago

Campus Stop, Inc., is a student co-op. Campus Stop uses a perpetual inventory system.

Business

1 answer:

Zanzabum2 years ago

8 0

Answer:

Campus Stop, Inc.

Partial Income Statement

Sales revenue $323,300

Sales returns ($1,730)

Sales discounts and allowances <u> ($2,270)</u>

Net sales $319,300

Cost of goods sold <u>($172,870)</u>

Gross profit $146,430

Gross profit margin = $146,430 / $319,300 = 45.86%

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Answer and Explanation:

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