Using the following information,calculate for 2013 (a)net sales,(b)cost of goods sold,(c)gross margin,and (d)net income before taxes.
Definitions:
Bid-rigging
An illegal agreement between parties to conspire and fix the bidding process, often in procurement auctions.
Sealed-bid
A bidding process where all the bids are kept confidential until a designated opening time, preventing bidders from seeing competitors' bids.
Auctions
A public sale process where goods or services are sold to the highest bidder.
Common-value Auction
An auction format where the item for sale is of the same value to all bidders, but the bidders may have different information about the item's actual value.
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