I divided the gross profit and i think after that i got it incorrect.

Emercise 9-17 E Your answer is incorrect. Try again, You are called by Tlm Duncan at Sarasota Co. on July la and asked to prepare a claim tar insurance as a result of a theft that hmk place the mght befure. You suggest that an Inventory be taken immediately. The followmg data are available, Inventory, July 1 $ 40,800 Purdlasesgouds placed ln shock July 115 34,800 Sales revenueigonds delivered to customers (gross) 118,600 Sales retumsgclods returned to stock 4,400 Your dierlt reports that the goods on hand on July 16 cost $23,300, but you determine that thls figure includes goods of $5,500 received an a consignment basis. Your past records show that sala are made at appmximately 25% over east. Duncan's insurance Covers only goods owned. Compute the claim against tile insurance company, {Round ratios for computational purposes to Z decl'malI places, e.g. 75.73% and nal answer to 0 decimal' pl'aces, e.g. 28,987.) Claim agalnst the H'ISLH'EFIEE company mu: m rm Question Attempts: 2 ol 3 used sure FDR urea m