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Calculate the missing amount for each year

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Reference no: EM132477192

CONSIDER THE FOLLOWING INFORMATION OF JONES CORPORATION OVER FOUR YEARS:

                                                  2022     2021           2020                       2019

SALES                          $10,000   $9,000         ?                 $7000.

COST OF GOODS SOLD       ?          $6,840       $6,160            ?

GROSS PROFIT                $2500        ?            $1840             ?

GROSS PROFIT PERCENTAGE ?            ?              ?                 22%

REQUIRED:

Question 1: CALCULATE THE MISSING AMOUNT FOR EACH YEAR?

Question 2: WHAT DOES THIS INFORMATION INDICATE ABOUT THE COMPANY?

Reference no: EM132477192

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