EA3. LO 2.1 Canine Couture is a specialty dog clothing boutique that sells clothing and...
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Accounting
EA3. LO 2.1 Canine Couture is a specialty dog clothing boutique that sells clothing and clothing accessories for dogs. In 2019, they had gross revenue from sales totaling $86,500. Their operating expenses for this same period were $27,500. If their Cost of Goods Sold (COGS) was 24% of gross revenue, what was their net operating income for the year
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