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(a) Using the partial information of Grouper Manufacturing Company enter the missing amounts for years 8, 9, and 10 in the schedule. (Round ending inventory
(a) Using the partial information of Grouper Manufacturing Company enter the missing amounts for years 8, 9, and 10 in the schedule. (Round ending inventory answer to o decimal places, e.g. 5,275. Round Days sales in inventory and Inventory turnover to 2 decimal places, e.g. 52.75 and Gross profit percentage to 1 decimal place, e.g. 5.2. Use 365 days for calculation.) Year 10 Year 9 Year 8 Year 7 383300 Sales Cost of goods sold Gross margin $348,600 269,500 294,500 $406,000 309800 96,200 35,900 88,800 79100 36,190 38,170 23.7% 23.2% Ending inventory Gross profit percentage Inventory turnover Days sales in inventory 22.7% times 8.10 times times days 45.06 days days
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