Roswell Corporation reported the following data: Roswells gross profit percentage is a. 49.2. b. 50.8. c. 56.0.

Question:

Roswell Corporation reported the following data:

Freight in. .. Purchases Beginning inventory . Purchase discounts . Dividends . Purchase returns.. $ 5,000 6,000 440,000

Roswell’s gross profit percentage is

a. 49.2.

b. 50.8.

c. 56.0.

d. 48.2.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

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