You have the following information available for ABC Company: Sales are: $400 Selling, General, and

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You have the following information available for ABC Company:

Sales are: $400

Selling, General, and Administrative expense are: $100

Gross Margin percentage is: 37.5%

Tax Rate is: 40%

Questions(Calculate)

1. Gross margin dollars

2. COGS dollars

3. Operating Income

4. Tax expense

5. Net income

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