Refer to the data in E6-23A. Compute all ratio values to answer the following questions:
■ Which company has the highest and which company has the lowest gross profit percentage?
■ Which company has the highest and which has the lowest rate of inventory turnover? Based on your figures, which company appears to be the most profitable?

Data from E6-23A.

Supply the missing income statement amounts for each of the following companies:

Transcribed Image Text:

Cost of Goods Sold Beginning Inventory Net Purchases Ending Inventory Gross Company Net Sales Profit (a) (d) 52,000 60,000 Sutherland Crossen Williams $100,000 125,000 $20,000 28,000 (f) $59,000 $16,000 45,000 20,000 (g) (b) (c) 52,000 29,000 (e) 36,000 (h) 7,000 Scott 88,000 33,000