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What is the gross margin for olly company

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Problem 1: Olly Company is a merchandising business that sells dog food. Based on the following information, what is the gross margin for Olly Company?

Sales Revenue$ 500,000

Cash100,000

Accounts Receivable50,000

Inventory25,000

Cost of goods sold300,000

Operating expenses40,000

Reference no: EM132693808

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