Sales COGS Beginning Inventory Ending Inventory Beginning Accounts Receivable Beginning Allowance for Bad Debts Ending Accounts...

 

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Sales COGS Beginning Inventory Ending Inventory Beginning Accounts Receivable Beginning Allowance for Bad Debts Ending Accounts Receivable Ending Allowance for Bad Debts Calculate Gross Profit dollars Calculate Gross Profit percentage Calculate total net purchases Calculate Inventory Turnover Calculate days sales in inventory Calculate Accounts Receivable Turnover Calculate Days Sales in Accounts Receivable Calculate Allowance as % of A/R for both years Suggest a more appropriate ending balance for the allowance for bad Debts 26,800,120 18,925,000 148,612 151,644 2,679,112 (120,560) 2,845,591 (113,824) Sales COGS Beginning Inventory Ending Inventory Beginning Accounts Receivable Beginning Allowance for Bad Debts Ending Accounts Receivable Ending Allowance for Bad Debts Calculate Gross Profit dollars Calculate Gross Profit percentage Calculate total net purchases Calculate Inventory Turnover Calculate days sales in inventory Calculate Accounts Receivable Turnover Calculate Days Sales in Accounts Receivable Calculate Allowance as % of A/R for both years Suggest a more appropriate ending balance for the allowance for bad Debts 26,800,120 18,925,000 148,612 151,644 2,679,112 (120,560) 2,845,591 (113,824)

Answer rating: 100% (QA)

Answer 1 Gross profit in dollars 2680012018925000 7875120 2 Gross profit percentage 7875120... View the full answer