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An alphabetical list of Crane Company adjusted accounts at its fiscal year end, August 31,2024 , follows. All accounts have normal balances. Additional information: 1.
An alphabetical list of Crane Company adjusted accounts at its fiscal year end, August 31,2024 , follows. All accounts have normal balances. Additional information: 1. Of the notes payable, $6,500 becomes due on February 17, 2025. The balance is due in 2026. 2. On July 18,2024, R. White invested $3,900 cash in the business. Calculate the gross profit margin and profit margin. (Round answers to 1 decimal place, e.g. 52.7\%.) Gross profit margin % Profit margin %
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