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Q6-59. Roswell Corporation reported the following data: Freight in............. $ 22,000 Purchases 206,000 Beginning inventory.... Purchase discounts ...... Roswell's gross profit percentage is a. 49.2.
Q6-59. Roswell Corporation reported the following data: Freight in............. $ 22,000 Purchases 206,000 Beginning inventory.... Purchase discounts ...... Roswell's gross profit percentage is a. 49.2. b. 50.8. 51,000 4,500 Dividends................. Purchase returns........ Sales revenue Ending inventory....... c. 56.0. d. 48.2. $ 5,000 6,000 440,000 45,000
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