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round gross profit ratio to 2 decimal places. Complete the following table. (Input all amounts os positive values. Do not round Intermediate calculations. ratio to
round gross profit ratio to 2 decimal places.
Complete the following table. (Input all amounts os positive values. Do not round Intermediate calculations. ratio" to 2 decimal places.) Company A 2020 123,000 $ 2010 175,000 Company 2020 2010 08,500 $ $ 27,000 8,575 10,000 10,500 5,700 25,800 8,020 Sales Cost of goods sold Merchandise inventory (beginning) Net cost of merchandise purchases Merchandise inventory (onding) Cost of goods sold Gross profit from sales Operating expenses Profit (59) Gross proht ratio 21,700 105,700 $ 88,800 $ 19,175 38,045 20,700 20,000 5,000 53,700 15,000 $ $ 5,975 %Step by Step Solution
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