Acme Inc. is a merchandising company. All inventory sales and purchases are made on account During June, Acme collected $270,000 of cash from its customers and its accounts receivable balance decreased by $8,000. Acme also paid $218,000 of cash to its suppliers of inventory and its accounts payable balance decreased by $15,000. Acme's merchandise inventory balance did not increase or decrease during the month of June. What is Acme gross margin for the month of June? $29,000 $52,000 $59,000 $75,000 None of the above

Acme Inc, is a merchandising company. All imentory sles and pactuss are sobe wemon During June, Acme collected $270,000 of cash trom its customes nod ts xcmerts mabiaio balance decreased by $8,000. Acme also paid $218,000 oi cash to is sppiend meetuene not increase or decrease during the month of June. Whatis Acme gows mayiata tie une a June