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  3. the following information was taken form the accou

The following information was taken form the accounts of Smallville Meats at December 31, Year...

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Accounting

The following information was taken form the accounts of Smallville Meats at December 31, Year 2. The accounts are listed in alphabetical order, and all have normal balances. REQUIRED a. Prepare an income statement for the year using the single-step method b. Prepare an income statement for the year using the multistep approach c. Compute the Gross margin percentage and Return on Sales ratios

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