] Donovan Company projects that sales for the year 2022 will be $32,000,000. For the past 5 years, Donovan’s gross profit margin has averaged 45%.
What amount should Donovan Company project for cost of goods sold for 2022?
Answer
$17,600,000
$7,111,111
$2,880,000
$14,400,000
I don't know yet