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Complete the following table. (Input all amounts as positive values. Do not round intermediate calculations. Round Gross profit ratio to 2 decimal places.) Company A
Complete the following table. (Input all amounts as positive values. Do not round intermediate calculations. Round "Gross profit ratio" to 2 decimal places.)
Company A 2020 117,000 $ Company B 2020 93,500 2019 185,000 2019 $ 9,400 28,000 9,575 85,500 6,700 26,800 10,575 9,620 Sales Cost of goods sold: Merchandise inventory (beginning) Net cost of merchandise purchases Merchandise inventory (ending) Cost of goods sold Gross profit from sales Operating expenses Profit (loss) Gross profit ratio 22,700 106,700 $ 85,800 $ 21,175 40,945 27,700 27,400 3,800 54,700 23,600 $ 6,975
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