Cost of sales simply by using sales-expenses
Problem:
In 2007 ABC co had sales of $5,970,090, total expenses of $5,370,097 and gross profit of $2,777,300. What was cost of sales?I believe profit is irrelevant here, can I calculate cost of sales simply by using sales-expenses?
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I believe profit is irrelevant here, can I calculate cost of sales simply by using sales-expenses?
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