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The following account information, in alphabetical order, was taken from the worksheet of Compu - Soft for the month ended November 3 0 , 2

The following account information, in alphabetical order, was taken from the worksheet of Compu-Soft for the month ended November 30,2023.
Adjusted Trial
Balance
Account Debit Credit
201 Accounts payable $ 660
106 Accounts receivable $ 1,110
166 Accumulated depreciation, store equipment 3,700
101 Cash 1,650
502 Cost of goods sold 13,900
612 Depreciation expense, store equipment 130
301 Peter Delta, capital 2,410
302 Peter Delta, withdrawals 6,500
406 Rent revenue 1,600
413 Sales 28,500
415 Sales discounts 50
414 Sales returns and allowances 630
165 Store equipment 6,300
690 Utilities expense 1,200
623 Wages expense 5,400
Totals $ 36,870 $ 36,870
Required:
Prepare a multiple-step income statement for the month ended November 30,2023.
Analysis component:
Assume that for the month ended October 31,2023, net sales were $48,000, cost of goods sold was $35,200, and income from operations was $9,900. Calculate the companys gross profit ratios for October and November. (Do not round intermediate calculations. Round your final answers to 2 decimal places.)

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