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Accounting

Problem:

Wall Mart Pictures and Decor Company have a net profit margin of 10% and its inventory turnover is 9, what is its annual cost of sales?

You also know that Wall Mart's average inventory is $96,700 and its annual sales are $1,000,000.

$870,300

$870,000

$850,000

$790,000

Note: Explain all calculation and formulas.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91166416

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