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Weygandt, Accounting Principles, 12e ACCOU y & Practice Assignment Gradebook ORION Downloadable eTextbook Assignment MESSAGE NY INSTRUCTOR FULL SO Exercise 5-13 Presented below is financial
Weygandt, Accounting Principles, 12e ACCOU y & Practice Assignment Gradebook ORION Downloadable eTextbook Assignment MESSAGE NY INSTRUCTOR FULL SO Exercise 5-13 Presented below is financial information for two different companies. am Determine the missing amounts. Summer Company Winter Company Sales revenue $96,950 Sales returns $5,480 ss,370 Net sales Cost of goods sold Gross profit Operating expenses 103,100 53,010 46,050 16,510 Net income 15,100 Determine the gross profit rates. (Round answer to i decimal place, e.g. 23.2% Summer Company Winter Company INS
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