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idk how to do this question help plz thats all there is for part a... and i cant open the next part till this one
idk how to do this question help plz thats all there is for part a... and i cant open the next part till this one is done You want to own and operate a retail business and before you dive into your own retail store you decide to examine the inventory and sales of two publicly traded retailers. You were able to obtain the following summarized information for Satisfactory Goods Inc. and Money Refunded Ltd.: Beginning Inventory January 18, 2019 Ending Inventory December 31, 2019 Ending Inventory December 31, 2020 Cost of Goods Sold December 31, 2019 Cost of Goods Sold December 31, 2020 Sales - 2019 Sales - 2020 Satisfactory Goods Inc. $299,000 $586,000 $783,000 $4,527,008 $6,759,129 $6,176,000 $7.323,000 Money Refunded Ltd. $559,000 $757,000 $810,000 $1.260.405 $3,504,900 $3,785.000 $5,007,000 la Calculate the gross margin and gross margin ratio. (Round gross margin ratio to 1 decimal place, s. 61.5%) Satisfactory Goods Money Refunde 2019 2020 2019 Gross Margin Gross Margin Ratio You want to own and operate a retail business and before you dive into your own retail store you decide to examine the inventory and sales of two publicly traded retailers. You were able to obtain the following summarized information for Satisfactory Goods Inc. and Money Refunded Ltd.: Beginning Inventory January 14, 2019 Ending Inventory December 31, 2019 Ending Inventory December 31, 2020 Cost of Goods Sold December 31, 2019 Cost of Goods Sold December 31, 2020 Sales - 2019 Sales - 2020 Satisfactory Goods Inc. $299,000 $586,000 $783,000 $4.527,008 $6.759.129 $6.176,000 $7,323,000 Money Refunded Ltd. $559,000 $757,000 $810,000 $1,260,405 $3,504,900 $3,785,000 $5,007,000 (a) Calculate the gross margin and gross margin ratio (Round gross margin ratio to 1 decimal place, e-3. 61.5%.) Satisfactory Goods Money Refunded 19 2020 2019 2020 36 56
thats all there is for part a... and i cant open the next part till this one is done
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