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Need the % for the Ability to Achieve Gross Profit Percent of 30%. Customer refunds and returns Assume the following data for Alpine Technologies for
Need the % for the Ability to Achieve Gross Profit Percent of 30%.
Customer refunds and returns Assume the following data for Alpine Technologies for the year ending July 31, 2012. Sales $900,000 Estimated percent of sales expected to be refunded or issued an allowance in 20Y3 1.5% Estimated cost of inventory expected to be returned in 2093 $6,000 Indicate the effects of the adjustment for estimated customer refunds and returns on the liquidity metric working capital and profitability metric gross profit percent. Enter amounts that decrease net income as negative values. Round percentage values to 1 decimal place. Metric Effects Liquidity Profitability Ability to Achieve Gross Profit Percent of 30% Transaction Working Capital July 31 -7,500 Decrease 29.6 X %)Step by Step Solution
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