Solution-Compute net sales gross profit and the gross

Compute net sales gross profit and the gross margin ratio

Reference no: EM131789881

Problem

Computing and analyzing gross margin LO A2

	a	b	c		d
Sales	150,000	550,000	38,700	$	255,700
Sales discounts	5,000	17,500	600		4,800
Sales returns and allowances	20,000	6,000	5,100	900
Cost of goods sold	79,750	329,589	24,453	126,500

Compute net sales, gross profit, and the gross margin ratio for each separate case a through d. (Round your gross margin ratio to 1 decimal place.)

Reference no: EM131789881

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Compute net sales gross profit and the gross margin ratio

Reference no: EM131789881

Reference no: EM131789881

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