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Calculate cost of merchandise inventories

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Question - Calculate cost of merchandise inventories, Gross profit and operating income. both in dollar terms and percentage.

2016 2015

Cost of goods sold $8,511,100 $7,787,500

Inventories $1,378,500 $1,306,400

Total net revenues $21,315,900 $19,162,700

Operating income $4,171,900 $3,601,000

Net Earnings $2,817,700 $2,757,400

Reference no: EM131826434

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