Following is the adjusted trial balance data for Garage Parts Unlimited as of December 31, 2019. A.

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Following is the adjusted trial balance data for Garage Parts Unlimited as of December 31, 2019.

A. Use the data provided to compute net sales for 2019.
B. Compute the gross margin or 2019.
C. Compute the gross profit margin ratio (rounded to nearest hundredth)
D. Prepare a simple income statement for the year ended December 31, 2019.
E. Prepare a multi-step income statement for the year ended December 31, 2019.

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Principles Of Accounting Volume 1 Financial Accounting

ISBN: 9781593995942

1st Edition

Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax

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