Selling Expenses Interest Revenue Net Sales Revenue $ 12,900 900 Cost of Goods Sold Administrative Expenses 134,700 114,000 10,200

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Assume the perpetual inventory system is used unless stated otherwise. Round all numbers to the nearest whole dollar unless stated otherwise.

Computing the gross profit percentage

Macarthy Landscape Supply’s selected accounts as of December 31, 2018, follow. Compute the gross profit percentage for 2018.

 

Selling Expenses
Interest Revenue
Net Sales Revenue
$ 12,900
900
Cost of Goods Sold
Administrative Expenses
134,700
114,000
10,200
Transcribed Image Text:Selling Expenses Interest Revenue Net Sales Revenue $ 12,900 900 Cost of Goods Sold Administrative Expenses 134,700 114,000 10,200
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