46) A company net 46) ,530. The company's gross margin ratio equals had net sales of $752,000 and cos of goods sold of $543,98%. lts act insoee A) 18.9% B) 245% 47) A company has $90,000 in account for uncollectible accounts. Experience suggests that 4% ofouttningmenable uncollectible. The current balance (before adjustments)inthelwce for Soubstil sccos an $800 debit. The journal entry to recond the adjusmont to the allowance aundessdebi to Bad Debts Expense for: A) $3.600 C)34.7% D)352% aecounts receivable and it uses the allowance cthod to E)278% B) $3,568 9$2800 48) Refer to the following selected finascial information from Frask le Corp.Comoane the comanys D) $4,4003 current ratio Current assets ant assets Current Liabilities 676,00 Net sales Net Income E64 D) 3.60. C)2.84 B) 1.44 A) 6.27 49) Claybon Company deposits all cash receipts on the day they are reccived and makes all cash payments by check. At the close of business on May 31, its Cash account shows a debit balance of S17,025, Clayborn's May bank statement shows $15,800on doposit in the bank Determnine the adjusted cash balance using the following information s5,30 Deposit in transit s6 Outstanding checks Bank service fces, not yet recorded by company $16,425 from a customer, not yet recorded by the company The adjusted cash balance should be: A) S17,000 B) S16,400 C)S21,000 1200 13