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Case 3 (406) The following data relate to the operations of Sun Shine Company, a wholesale distributor of consumer goods: March 31 Cash Rp. 16.000.000

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Case 3 (406) The following data relate to the operations of Sun Shine Company, a wholesale distributor of consumer goods: March 31 Cash Rp. 16.000.000 Accounts receivable Rp. 40.000.000 Inventory Rp. 72.000.000 Building and equipment, net Rp. 240.000.000 Accounts payable Rp. 44.000.000 Capital stock Rp. 300.000.000 Retained earnings Rp. 24.000.000 The gross margin is 25% of sales Actual and budgeted sales data: March (actual) Rp. 100.000.000 April Rp. 120.000.000 May Rp. 144.000.000 June Rp. 180.000.000 July Rp. 96.000.000

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