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Please see the attached documents The following selected accounts were taken from the financial records of Los Olivos Distributors at December 31, 2019. All accounts
Please see the attached documents
The following selected accounts were taken from the financial records of Los Olivos Distributors at December 31, 2019. All accounts 523,500 380,555 have normal balances. Cash Accounts receivable note receivable, due 2020 Merchandise inventory Prepaid insurance Suppl ies Equipment Accumulated depreciation, Note payable to bank, due Accounts payable Interest payable Sales Sales discounts Cost of goods sold equ ipment 2020 $ 21,945 8, 2aa 2,22a 1, 28a 42 , 2aa 22,2aa 22, aaa 26 , 48a 1, saa Accounts Receivable at December 31, 2018, was $55,800. Merchandise inventory at December 31, 2018, was $57,300. Based on the account balances above, calculate the following: a. The gross profit percentage. . b. Working capital. :...c...T.he.cw.tent.tatjn......................
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