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Problem 1: Kelly's Nail Salon had Sales of $300,000 last year as well as Gross Profit of $200,000, EBIT of $150,000, EBT of $145,000, and taxes of $26,000. Compute the company's COGS.
Group of answer choices
Option 1: $100,000
Option 2: $26,000
Option 3: $50,000
Option 4: $5,000
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