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12 Analysis Component: Assume that for the month ended October 31, 2023, net sales were $32,000, cost of goods sold was $19.200, and income from
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Analysis Component: Assume that for the month ended October 31, 2023, net sales were $32,000, cost of goods sold was $19.200, and income from operations was $8,000. Calculate and compare the coeppany's goss profit ratios for Ocrober and November. The following is account information listed in alphabetical order for Compu-Soft for the month ended Naxember 30,2023. Required Assume that for the month ended October 31,2023 , net sales were $32,000, cost of goods sold was $19,200 and income from operations was $8,000. Calculate and compare the company's gross profit ratios for October and November. (Place your answer on the sheet below. If you click near the middle of the sheet, a blinking cursor will appear in the upper left corner of the sheet. If you click on the curled portion of the sheet in the lower night corner, the sheet will be selected so that you can increase or decrease its size) Step by Step Solution
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