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hi Hair World Incorporated is a wholesaler of hair supplies. Hair World uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: 2. Compute the gross profit percentage. (Round your answer to 1 decimal place.) 3 Gross Profit Percentage E a. Sold merchandise for cash (cost of merchandise $28,797). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $220). c. Sold merchandise (costing $4,750) to a customer on account with terms n/60. d. Collected half of the balance owed by the customer in (c). e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. f. Anticipate further returns of merchandise (costing $140) after year-end from sales made during the year. D -rezy $ 4 R F Jo % 5 T % Q Search G (0) B 17 J+ & H Prev * U N 00 8 S 3 4 TAA ly M f10 of 6 C K F13 Next > DAI O L alt P $ 51,200 250 10,000 5,000 160 350 delete backspace prt sc

2. Compute the gions protit persentage (Round your ansiewi no 1 decimel places Required information [The following information applies to the questions displayed below] Hair World Incorporated is a wholesaler of hair supplies. Hair Worid uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: a. Sold nerchandise for cash (cost of merchandise $28,797 ). b. Received nerchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $220 ). c. Sald merchandise (costing $4,750 ) to a customer on account with terms n/69. d. Collected half of the balance oved by the custoner in (c). e. Granted a partial allowance relating to credit sales the custonor in (c) had not yet paid. f. Anticlpate further returns of merchandise (costing \$149) after year-end from sales made during the year. 2. Compute the gross profit percentage. (Round your answer to 1 decimal place.)

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