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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

Cash $100,000

Accounts Receivable $50,000

Inventory $25,000

Cost of goods sold $300,000

Operating expenses $40,000

A. $135,000

B. $160,000

C. $200,000

D. $285,000

 

 

Reference no: EM132786745

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