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The Gross Profit in dollars and as a percentage of net sales for 2020 NDENEHAM INC accounting Information 2020 2019 Debit Credit Debit Credit 12,000.00

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  1. The Gross Profit in dollars and as a percentage of net sales for 2020

NDENEHAM INC accounting Information 2020 2019 Debit Credit Debit Credit 12,000.00 16,000.00 28,500.00 16,000.00 Accounts payable Accounts Receivable Accumulated Depreciation Medical Equipment Capital Stock (Common Stock outstanding) Cash 120,000.00 60,000.00 750,000.00 650,000.00 495,000.00 48,000.00 287,200.00 21,000.00 12,800.00 17,700.00 284,000.00 541,00.00 886,000.00 168,000.00 167,000.00 886,000.00 Dividends Income Tax Payable Inventory Marketable security Medical Equipment Notes Payable Office Supplies Prepaid Rent Retained Earnings Unearned Medical Fees TOTAL 217,000.00 344,000.00 32,500.00 52,300.00 40,000.00 65,000.00 273,250.00 448,750.00 1,833,800.00 168,180.00 386,820.00 1,642,700.00 1,833,800.00 1,642,700.00 2020 Cost of Goods Sold Income Taxes Operating Expenses Income tax as percentage of Net Sales 2019 445,000 61,000 102,000 8% 220,000 48,000 78,000 10% Other information 1. Marketable securities are sold within two months. 2. The outstanding Common Stocks for 2020 and 2019 were 72,000 and 64,000 respectively. 3. The Company Common Stock market price is $18.00 4. The Note payable is due in 24 months 5. The Company uses 360 days as the days in a year

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