26,800,120 Sales 18,925,000 COGS 48,612 51,644 Beginning Inventory Ending Inventory 2,679,112 Beginning Accounts Receivable (120,560) Beginning Allowance for Bad Debts 2,845,591 Ending Accounts Receivable (113,824) Ending Allowance for Bad Debts Calculate Gross Profit dollars Calculate Gross Profit percentage Calculate total net purchases Calculate Inventory Turnover Calculate days sales in inventory Calculate Accounts Receivable Turnover Calculate Days Sales in Accounts Receivable Calculate Allowance as % of A/R for both years Suggest a more appropriate ending balance for the allowance for bad Debts