The following information appeared in the accounting records of a retail store for the previous year: Sales Purchases Inventories: $335,000 $189,000 January 1 $88,000 December 31 $123,000 Sales commissions $10,000 The gross margin was_

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A company reports the following amounts at the end of the year:        Sales revenue $ 390,000   Cost of goods sold   200,000   Net income   55,000       Compute the company's gross profit ratio. (Round your final answer to the nearest whole percent.)   Gross profit ratio: _____%

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GP ℅ FOR THIS PERIOD?

A company reports the following amounts at the end of the year: Sales revenue Cost of goods sold Net income $ 310,000 210,000 53,000 Compute the company's gross profit ratio. (Round your final answe Gross profit ratio %

The following data were collected for a retailer:Cost of goods sold $3,500,000Gross profit $700,000Operating costs $500,000Operating profit $200,000Total inventory $1,200,000Fixed assets $750,000Long-term debt $300,000Assuming 52 business weeks per year, express total inventory asa. Weeks of supplyb. Inventory turns

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What is Preston industries Inc's gross profit? General accounting

A company had the following information taken from various accounts at the end of the year: Sales discounts Deferred revenues $ 41,000 Total revenues Purchase discounts Sales allowances Accounts receivable 32,000 459,000 15,000 35,000 205,000 What was the company's net revenues for the year?