National... Black Board RCCC WebAdvisor Email RCCC Schoology Gmail YouTube Maps Take Test: Test 3... Homework Assignment A Saved Required information (The following information applies to the questions displayed below.] Hair World Inc. is a wholesaler of hair supplies. Hair World uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: $39,200 a. Sold merchandise for cash (cost of merchandise $22,797) b. Received merchandise returned by customers as unsatistactory (but in perfect condition) for cash refund (original cost of merchandise $270). 3. Sold merchandise (costing $4,038 ) to a customer on account with terms n/60. d. Collected half of the balance owed by the customer in (e). e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. 450 8,500 4,250 136 Required: 1. Compute Net Sales and Gross Profit for Hair World. Net Sales Gross Profit Required information [The following information applies to the questions displayed below.) Hair World Inc. is a wholesaler of hair supplies. Hair World uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: $39,200 a. Sold merchandise for cash (cost of merchandise $22,797). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $270 ). c. Sold merchandise (costing $4,038 ) to a customer on account with terms n/60. d. Collected half of the balance owed by the customer in (e). e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. 450 8,500 4,250 136 2. Compute the gross profit percentage. (Round your answer to 1 decimal place.) Gross Profit Percentage %