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Consider the following condensed income statement if cogs

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Reference no: EM13566144

Consider the following condensed Income Statement:

2004

Sales $8,000,000

COGS 6,500,000

Gross Profit 1,500,000

Sales growth in 2005 is expected to be 15%

If COGS is assumed to vary directly with sales, then Gross Profit for 2005 will be?

Reference no: EM13566144

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