Calculate net sales, cost of goods sold, gross profit, and the gross profit ratio (round to two decimal places) in each of the following situations $130,000 $512,000 $35,700 S245,700 3,500 4,300 120,000 350,000 29,000 131,000 3,100 4,100 400 1,500 Sales discounts Merchandise inventory, an , 2014 Pu...

Calculations 1 9300125800 x 100 739 2 160500495500 x 100 3239 ...

Calculate net sales, cost of goods sold, gross profit, and the gross profit ratio (round to two

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Calculate net sales, cost of goods sold, gross profit, and the gross profit ratio (round to two decimal places) in each of the following situations.

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Fundamental Accounting Principles

ISBN: 978-0071051507

Volume I, 14th Canadian Edition

Authors: Larson Kermit, Tilly Jensen

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Question Posted: Mar 08, 2016 07:49 AM

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Calculate net sales, cost of goods sold, gross profit, and the gross profit ratio (round to two

Question:

$130,000 $512,000 $35,700 S245,700 3,500 4,300 120,000 350,000 29,000 131,000 3,100 4,100 400 1,500 Sales discounts Merchandise inventory, an , 2014 Purchases.... Purchase returns and allowances Merchandise inventory, Dec. 1, 2014. 4,200 8,000 16,500 21,000 4,000 7,500 14,000 22,000 750 900

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Fundamental Accounting Principles

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