In 2008, Doolan Company sold 10,000 units of inventory at twice their purchase price of...
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Accounting
In 2008, Doolan Company sold 10,000 units of inventory at twice their purchase price of $27.50 each. In 2009, Doolan had a gross profit of $200,000 and cost of goods sold of $225,000.
A. What were Doolans sales in 2008?
B. What was Doolans gross profit in 2008?
C. What were Doolans sales in 2009?
D. What was Doolans gross profit percentage in 2009?
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