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Accounting

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View Policies Show Attempt History Current Attempt In Progress You have been provided with the following account balances for Webber Ltd. for the years ended November 30, 2020, and 2021: 2021 2020 Advertising expense $313,000 $281,000 Cost of goods sold 1,760,080 1,429,020 General and administrative expenses 111,000 104,000 Income tax expense 82,000 101.000 Interest revenue 4,800 5,600 Rent expense 38,000 26,600 Sales revenue 3,143,000 2,802,000 Utilities expense 90.000 75,900 Wages expense 501,000 392,000 (a) Your Answer Correct Answer Your answer is partially conect Prepare a multi-step.comparative statement of income for Webber for 2020 and 2021 Webber Ltd Statement of Income For Years Endest Nove 20 2021 1 2020 (b) Determine Webber's gross margin percentage for each year. Gross profit percentage 2021 % Gross profit percentage 2020 % In which year was Webber more successful in this area? Webber was more successful in eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Ans

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