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The Following Information Is Available for Fordham Corp

Question 23

Multiple Choice

The following information is available for Fordham Corp.for its most recent year: The following information is available for Fordham Corp.for its most recent year: The gross margin is 40 percent of net sales.What is the cost of goods available for sale? A) $1,680,000 B) $1,920,000 C) $2,400,000 D) $2,440,000 The gross margin is 40 percent of net sales.What is the cost of goods available for sale?


A) $1,680,000
B) $1,920,000
C) $2,400,000
D) $2,440,000

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