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What is the merchandise inventory of carla vista

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Question

On January 1, 2017, the merchandise inventory of Carla Vista, Inc. was $1350000. During 2017 Carla Vista purchased $2705000 of merchandise and recorded sales of $3500000.

The gross profit rate on these sales was 20%. What is the merchandise inventory of Carla Vista at December 31, 2017?

Reference no: EM132319139

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