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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 Company B 2020 2019 2020 2019 Sales $ 110,000 $ 178,000 $ 90,000 Cost of goods sold: Merchandise inventory (beginning) 8,700 27,300 8,875 6,000 Net cost of merchandise purchases 82,000 26,100 Merchandise inventory (ending) 22,000 8,920 9,875 Cost of goods sold $ 82,300 $ 106,000 Gross profit from sales 39,545 19,775 26,000 54,000 27,000 Operating expenses Profit (loss) Gross profit ratio $ 1,700 $ 18,000 $ 6,275 % % % %
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