Pc connection is a leading mail order retailer of personal

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Reference no: EM13606591

PC Connection is a leading mail order retailer of personal computers. A recent financial report issued by the company revealed the following information:

Merchandise inventory (beginning of the year) $ 69 million
Merchandise inventory (end of the year) $ 57 million
Net sales for the year $ 1.2 billion
Gross profit margin 11 %

a. Compute the company's cost of goods sold for the year. (Enter your answer in dollars not in millions. Omit the "tiny_mce_markerquot; sign in your response.)

Cost of goods sold $

b. Approximately how much inventory did PC Connection purchase during the year?

Reference no: EM13606591

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