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  3. 32. determine gross profit of a venture with the f

32. Determine gross profit of a venture with the following financial information: cost of goods...

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32. Determine gross profit of a venture with the following financial information: cost of goods sold = $30,000; net profit = $17,000; asset turnover= 1.6; return on assets 32% a. $85,000 b. $72,000 c. $55,000 d. $38,000

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