2018 2017 Sales Sales returns and allowances Net sales Cost of goods sold: $307,000 $300,000...
80.2K
Verified Solution
Link Copied!
Question
Accounting
2018 2017 Sales Sales returns and allowances Net sales Cost of goods sold: $307,000 $300,000 5,100 7,800 $299,200 294,900 Inventory, January 1 Net purchases Goods available for sale Inventory, December 31 Cost of goods sold 34,000 149,000 143,000 177,000 53,000 124,000 $174,200 $170,900 53,000 202,000 77,000 125,000 Gross profit ATC's gross profit ratio (rounded) in 2018 is: (Round your answer to one declmal place e.g., 0.123 as 12.3%) Multiple Choice 58.2%. 58.7%
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.