ported the wine mounts for the year: mentorumOver ratio is: 1242 296.000 138.000 50.000 3.21. D) 2.14 24) Anthony Corporation reported oh Net sales Cost of goods sold Gross Profit Average inventory lowing amounts for the year. $ 296,000 138,000 Anthony's gross profit ratio is: A) 53.4% B) 51.9% C) 50.3% D 46.6% 50,000 following would be recorded as land improvements? 25 Which of the following would be A) Property taxes. B) Title insurance. C) Real estate commissions. D) Adding a parking lot. uipment by paying $5,000 cash. Shipping cost of $400 to 26 A company purchased a piece of equipment by paying $5,000 cash Shir was also incurred. The fair value of this equipment is $7.000. For get the equipment to its factory was also incurred. The fair value of this eau what amount should the company record the equipment? A) $5,000. 3) $5,400. $7,000. 7,400. he equipmes fair value o cash. Ship