Over a four-year period, Jackie Corporation reported the following scilas of gross profits. In 2024,...
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Accounting
Over a four-year period, Jackie Corporation reported the following scilas of gross profits. In 2024, the company performed a comprehenslve review of its inventory accounting procedures. Based on this review. company records reveal that ending inventory was understated by $11,000 in 2022 Inventory in all other years is correct. Problem 6-10A (Static) Part 2 Calculate the gross profit ratio for each of the four years based on corrected amounts. (Round your onswers to the nearest whole iercent.)
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