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Assume that an index of key business ratios in your library shows hardware stores of Claypool's approximate size (in total assets) average net sales of S1 million per year and a gross profit margin of 25 percent. Is Claypool able to pass its extra transportation costs on to its customers? Does the business appear to suffer or benefit financially from its remote location? Explain your reasoning and support your conclusions with specific accounting data comparing the operations of Claypool Hardware with the industry averages. Hendry's Boutique is a retail clothing store for women. The store operates out of a rented building in Storm Lake, Iowa. Shown below is the store's adjusted year-end trial balance dated December 31, Prepare an income statement for Hendry's Boutique dated December 31, 2015. Compute the store's gross profit margin as a percentage of net sales Do the store's customers seem to be satisfied with their purchases? Defend your