FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Year 1 Year 2 YR 1 YR2
Sales (S) $ 614,405.00 $ 600,343.00
Cost of Good Sold (COGS) $ 385,101.00 $ 473,396.00
Gross Profit (GP) $ 229,304.00 $ 226,947.00
Calculate the following: (round to nearest percent) Answer Answer
(a) Mark-up percent for year 1
(b) Mark-up percent for year 2
(c) Gross Profit for year 1
(d) Gross Profit for year 2
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