dunweiler inc.,is developing a pro forma income statement for the coming year . the chief financial...
dunweiler inc.,is developing a pro forma income statement for the coming year . the chief financial officer estimates that sales will be $150,000,000. if gross profits are historically 36% of sales, what is the expected cost of goods sold (in dollars)?
Homework Answers
Cost of Goods Sold = Sales*(1-Gross Profit Margin on Sales) = 150000000*(1-0.36) = $96000000
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