The following data relate to the operations of Shilow Company, a whot Current assets as of March 31: Cash $7,500 20,0ee $ 39,6ee $127,20e $ 23,5se s 15e,ee0 $ 20,75e Accounts receivable Inventory Building and equipment, net Accounts payable Common stock Retained earnings a. The gross margin is 25% of sales. b. Actual and budgeted sales data: March (actual) April May June July $ 5e,9ee $66,ee0 $ 71,e0e s 96,e0e $ 47,00e Prev1 of 1 Next Next >