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. Calculate Gross Profit ratio of Western Inc. for the year 2020 and 2021. Which year is better? Particulars 2020 2021 Sales $200,000 $120,000 Sales

. Calculate Gross Profit ratio of Western Inc. for the year 2020 and 2021. Which year is better?

Particulars 2020 2021

Sales $200,000 $120,000

Sales returns $35,687 $14,973

Opening stock 20,000 15,000

Closing stock 25,000 18,000

Purchases $150,000 $160,000

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