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QuesLUI UI/ -/22 III Current Attempt in Progress You have been provided with the following account balances for Webber Ltd. for the years ended November

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QuesLUI UI/ -/22 III Current Attempt in Progress You have been provided with the following account balances for Webber Ltd. for the years ended November 30, 2020 and 2021: Advertising expense Cost of goods sold General and administrative expenses Income tax expense Interest revenue Rent expense Sales revenue Utilities expense Wages expense 2021 $307,000 1.762,320 112,000 83,000 5.700 37,000 3,147,000 89,000 500,000 2020 $279,000 1,452,360 105,000 102,000 5,600 25,800 2,793.000 76,500 388,000 Prepare a multi-step, comparative statement of income for Webber for 2020 and 2021. Webber Ltd Statement of Income 2021 2020 Question 1 of 7 -/22 2021 2020 I e Textbook and Media List of Accounts Determine Webber's gross margin percentage for each year. Gross profit percentage 2021 % Gross profit percentage 2020 % In which year was Webber more successful in this area? Webber was more successful in e Textbook and Media List of Accounts

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