The following information is available for Hornblow Ltd.for last year: The cost of goods sold is equal to 300% of selling expenses.What is the cost of goods available for sale?
A)Cannot be determined from information given.
B)$370,000
C)$590,000
D)$610,000

Question

The following information is available for Hornblow Ltd.for last year:  The cost of goods sold is equal to 300% of selling expenses.What is the cost of goods available for sale?
A)Cannot be determined from information given. 
B)$370,000 
C)$590,000 
D)$610,000

Quizplus · Accepted Answer

The Answer of The following information is available for Hornblow Ltd.for last year:  The cost of goods sold is equal to 300% of selling expenses.What is the cost of goods available for sale?
A)Cannot be determined from information given. 
B)$370,000 
C)$590,000 
D)$610,000

The Following Information Is Available for Hornblow Ltd