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answer it? The following account information, in alphabetical order, was taken from the work sheet of Compu-Soft for the mo November 30, 2017 Adjusted Trial
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The following account information, in alphabetical order, was taken from the work sheet of Compu-Soft for the mo November 30, 2017 Adjusted Trial Balance Debit Credit $720 $ 1,170 4,300 ed 1,950 14,500 130 Account 201 Accounts payable 106 Accounts receivable Accumulated depreciation, store 166 equipment 101 Cash 502 Cost of goods sold Depreciation expense, store 612 equipment 301 Peter Delta, capital 302 Peter Delta, withdrawals 406 Rent revenue 413 Sales 415 Sales discounts 414 Sales returns and allowances 165 Store equipment 690 Utilities expense 623 Wages expense 2,770 5,900 2,200 29,100 50 690 6,900 1,800 6,000 $39,090 $39,090 Totals Rent revenue 5,900 X 7.8910 points awarded Profit $ 16,230 *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted Scored Analysis component: Assume that for the month ended October 31, 2017, net sales were $42,000, cost of goods sold was $24,360, and income from operations was $9,300. Calculate the company's gross profit ratios for October and November. (Do not round intermediate calculations. Round your final answers to 2 decimal places.)Step by Step Solution
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