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Please see attached document and help me to solve the problem. The question is multiple choice. Operating expenses $ 29000 Sales revenue 244000 Cost of
Please see attached document and help me to solve the problem. The question is multiple choice.
Operating expenses $ 29000 Sales revenue 244000 Cost of goods sold 141000 The profit margin ratio would be 0.70. 0.58. 0.42. 0.30. Operating expenses Sales returns and allowances Sales discounts Sales revenue Cost of goods sold The gross profit rate would be 0.26. $ 28000 6000 5000 160000 107000 0.71. 0.32. 0.28 Operating expenses Sales returns and allowances Sales discounts Sales revenue Cost of goods sold $ 57000 3000 6000 142000 110000 Gross Profit would be The following information was available for Blue Spruce Corp. at December 31, 2017: beginning inventory $95000; ending inventory $146000; cost of goods sold $624000; and sales $816000. Blue inventory turnover ratio (rounded) in 2017 was 5.2 times. 6.6 times. 4.3 times. 6.8 times. The following information was available for Oriole Company at December 31, 2017: beginning inventory $81000; ending inventory $110000; cost of goods sold $688000; and sales $944000. Oriole days in inventory (rounded) in 2017 was 50.7 days. 36.9 days. 42.9 days. 57.9 daysStep by Step Solution
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