on.com/flow/connect.htm The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods Current assets as of March 31: Cash S 8,000 s 22,000 5 42,600 5 130, 800 25, 425 s 150,000 s 27,975 Accounts receivable Inventory Building and equipment, net Accounts payable Common stock Retained earnings a The gross margin is 25% of sales. b. Actual and budgeted sales data: March (actual) April 55,800 s 71,000 s 76, 000 $101, 000 $ 52,000 June July lof4 HI Next > 2