QUESTION 15 A merchandise company's beginning inventory plus merchandise purchases minus ending inventory equals: 1.ending inventory 2.cost of goods sold. 3.goods available for sale. o 4. sales level. QUESTION 16 Formulas for calculating Ratios: Net Income Avg. Shareholder's Equity Current Assets/Current Liabilities Net Income Sales Revenue Cost of Goods Sold Average Inventory Sales Revenue Average Accounts Receivable Gross Sales Revenue. Select the appropriate formula from above and calculate Boston Beers Gross Profit Percentage for 2005. Then select the correct answer RCOUPAN INCOME STATEMENT tlwas ans THE BOSTON BEE R COMPANY BALANCE SHEET In thousand 2004 Prepad exgenees and oher assets 280 000 $ 205,000 1.58.3% @ 2. 60.0% 3.41.7% 4. 12.5%