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Please help!!! The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods Current assets as of March 31: Cash
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The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods Current assets as of March 31: Cash $ 9,180 26,480 $ 49,280 s 186,88e $ 29,55e $ 158,0e0 $ 11,95e 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 May June July $ 66,eee s 82,800 $ 87,800 s 112,e08 $ 63,998Step by Step Solution
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