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Houser Appliances accounts for all sales of its merchandise on the installment basis. Following is the unadjusted trial balance at 12/31/16. What is the gross
Houser Appliances accounts for all sales of its merchandise on the installment basis. Following is the unadjusted trial balance at 12/31/16. What is the gross profit rate for 2015? (Round answer to 0 decimal places, eg. 12%,) Gross profit rate %What is the gross profit rate for 2016? (Round answer to 0 decimal places, eg 25%) Gross profit rate Of the total cash receipts in 2016, how much represents collections from installment sales of: (Round answers to O decimal places, e.g. 1,225.) (1)2014 $ (2) 2015 $
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