Gross Profit
the Table Below Contains Information from a Recent

question 97

Essay

Gross profit
The table below contains information from a recent annual report of Molloy, Inc. (Dollar amounts are stated in millions.) Fill in the missing amounts. $$\begin{array} { | l | r | r | } \hline & 2009 & 2010 \\\hline \text { Net sales } & \$ 28,800 & \$ 32,200 \\\hline \text { Cost of goods sold } & ? & \$ 16,600 \\\hline \text { Gross profit } & \$ 12,200 & ? \\\hline\end{array}$$

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Definitions:

Social Class

refers to divisions in society based on economic, cultural, or social status which impact individuals' opportunities, lifestyles, and attitudes.

Economic Decline

A period where an economy experiences a decrease in its overall output or economic activity.

Middle-Class

A socioeconomic group that falls between the working class and the upper class, typically characterized by moderate income, education, and a certain level of economic security.

Social Mobility

The ability of individuals or families to move within or between social strata in a society, impacting their economic and social position.