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Anthony Thomas Candies (ATC) reported the following financial data for 2021 and 2020: 36 2021 $308,000 8,800 $299,200 2020 $292,000 5,400 $286,600 00:33:34 Sales Sales
Anthony Thomas Candies (ATC) reported the following financial data for 2021 and 2020: 36 2021 $308,000 8,800 $299,200 2020 $292,000 5,400 $286,600 00:33:34 Sales Sales returns and allowances Net sales Cost of goods sold: Inventory, January 1 Net purchases Goods available for sale Inventory, December 31 Cost of goods sold Gross profit 60,000 148,000 208,000 70,000 138,000 $161,200 20,000 141,000 161,000 60,000 101,000 $185,600 ATC's gross profit ratio (rounded) in 2021 is: (Round your answer to one decimal place e.g., 0.123 as 12.3%.) Multiple Choice 53.9%. O 59.2%. 51.9%
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