Aaron Corporation Aaron Corporation is a merchandising company. Selected accountbalances are listed below: Sales $250,000 Purchases 112,500
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Aaron Corporation
Aaron Corporation is a merchandising company. Selected accountbalances are listed below:
Sales | $250,000 |
Purchases | 112,500 |
Beginning Inventory | 8,000 |
Ending Inventory | 15,000 |
Operating Expenses | 74,000 |
Income Tax Expense | 5,000 |
Beginning Retained Earnings | 26,500 |
Dividends | 7,500 |
Refer to the information provided for Aaron Corporation.Calculate gross margin.
a. | $137,500 | |
b. | $120,500 | |
c. | $144,500 | |
d. | $212,500 |
Related Book For
Managerial Accounting
ISBN: 9781260247787
17th Edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
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