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Cost of goods sold is expected to be 50 percent of net salesExperience Tradition/tutorialoutledotcom PowerPoint Presentation
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distributed systems inspiring minds tutorialoutletdotcom

Distributed Systems Inspiring Minds/tutorialoutletdotcom

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Distributed Systems Inspiring Minds/tutorialoutletdotcom

Cost of goods sold is expected to be 50 percent of net sales, depreciation and other operating expenses are not expected to change, interest expense is expected to increase to $0.885 million

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  • Listed below is the 2015 income statement for Tom and Sue Travels, Inc. TOM AND SUE TRAVELS, INC.Income Statement for Year Ending December 31, 2015(in millions of dollars) Net sales 55 17.400Less: Cost of goods sold 7.900