During the current year, Acme Corporation reports the follow…
During the current year, Acme Corporation reports the following items: Inventory sales Gross receipts derived from inventory sales $950,000 Gross profit from inventory sales $630,000 Sale of property that generated nonbusiness income Gross receipts from sale of nonbusiness property $124,000 Net gain from sale of nonbusiness property $38,000 Fees from performing repair services related to inventory sales $175,000 Fees from performing other business services $130,000 Rents from leasing tangible business property $65,000 Royalties from licensing intangible business property $80,000 Assuming the apportionment laws of the state conform to UDITPA, what is the denominator of Acme’s sales factor?