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  3. refer to the following mentioned data. 2014 net re

Refer to the following mentioned data. 2014 Net revenues Cost of products sold Gross margin...

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Accounting

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Refer to the following mentioned data. 2014 Net revenues Cost of products sold Gross margin in millions 2013 2012 $34.690 530,174 526,029 14 105 13.225 13,615 $20.593 $16.949 $12,414 Required: a. Calculate the gross profit each the past three years. (Round your answers to 2 decimal places.) 2014 2013 2012 b. Assume that Campbell's net sales for the first four months of 2015 totaled $12.51 bilion Calculate an estimated cost of goods sold and gross profit for the four months, using the gross proftratio for 2014. (Round intermediate calculations to 2 decimal places, Enter your answers in millions (e., 5,000,000 should be entered as 5).) Cost of goods sold Gross profit million

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