File Edit View Favorites Tools Help i C) canvas Tabs O] Baker, Annarose-Outloo ?Connect-New tal Ch. 8 Comprehensive Problem Saved Help Sa The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods: Current assets as of March 31: 100 points $ 7,400 s 19, 600 $ 39, 000 Cash Accounts receivable Inventory Building and equipment, net Accounts payable Common stock Retained earnings eBook $126, 000 $ 23,175 $150,000 s 18,825 Print References a. The gross margin is 25% of sales b. Actual and budgeted sales data March (actual) $49,000 April Mav $65,000 $70,000 Mc Graw Ptev 1 of 1ES