Columbus Co.'s sales revenue for the most recent quarter was $2.5 million and cost of goods sold was $1.5 million. If sales grow by 15% in the next quarter and all ratios remain the same, gross profit will be
A) $2.25 million.
B) $1.725 million.
C) $1.15 million.
D) $1.375 million.
Answer: C
Business
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