Wall Mart Pictures and Decor Company has a net profit margin of 10% and its inventory turnover is 9. What is its annual cost of sales? You also know that Wall Mart's average inventory is $96,700, and its annual sales are $1,000,000.
A) $870,000
B) $850,000
C) $870,300
D) $790,000
Correct Answer:
Verified
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