Referring to Exhibit 5A.3, fill in the following blanks. Identify any losses by putting the amount in
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Company A and Company B is in similar industries. Comment on their gross profit ratios.
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Company B Company A 2014 2013 2014 2013 110,000 $178,000 90,000 S? Sales... Cost of goods sold: 6,000 26,100 (22,000) (8,920) ,875) 8,875 Merchandise inventory (beginning)8,700 Net cost of merchandise purchases Merchandise inventory (ending) Cost of goods sold. 27,300 82,000 82,300 106,000 26,000 54,000 27,000 39,545 19,775 Gross profit from sales Operating expenses. 1,700 8,000 6,275 Gross profit ratio ...
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
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