3 Part 1 of 4 Required information [The following information applies to the questions displayed below] Hat World Inc is a wholesaler of hair supplies Hair World uses a perpetual inventory system. The following transactions (summarized have been selected for analysis 133 points .. Sold merchandise for cash (cost of merchandise 346,797). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition for cash refund original cost of merchandise $630) 5. Sold merchandise (costing 39,025 ) to a customer on account with terns n/60. d. collected half of the balance owed by the customer (c) e. Granted a partial allowance relating to credit sales the customer in () had not yet paid. 167,200 1.050 19, see 9,500 301 eBook Print treferences Required: 1. Compute Net Sales and Gross Profit for Hair World Net Sales Gross Profi 7 0 54 Required information The following voformation applies to the questions displayed below Har Worlding is a wholesaler of hair supplies Hair World uses a perpetual inventory system. The following transactions (summarized have been selected for analyse 357.200 Sold merchandise for cash cost of merchandise 346,797). be Receved merchandise returned by customers as unsatisfactory out in perfect condition for cash refund original cost of merchandise 3630 C. Sold merchandse (costine 39,025 to customer on account with term 6. 6. collected all of the balance owed by the customer in e e. Granted partial allowance relating to credit sales the customer in (e not yet paid. 1,95 19,000 9,500 301 2. Compute the gross profit percentage (Round your answer to 1 decimal place.) cel Gross Profil Parco