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Splish Pottery lost 70% of its inventory in a fire on March 25,2020 . The accounting records showed the following gross profit data for February
Splish Pottery lost 70% of its inventory in a fire on March 25,2020 . The accounting records showed the following gross profit data for February and March. Splish is fully insured for fire losses but must prepare a report for the insurance company. Your answer is incorrect. Compute the gross profit rate for the month of February. (Round answer to 2 decimal places, e.g. 25.16\%.) The gross profit rate for the month of February % eTextbook and Media Your answer is incorrect. Using the gross profit rate for February, determine both the estimated total inventory and inventory lost in the fire in March. (Round answers to 0 decimal places, e.g. 1,250.) The estimated total inventory Inventory lost in the fire in March
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