Excerpts from Nationwide Company's December 31, 2024 and 2023, financial statements are presented below: Accounts receivable...
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Excerpts from Nationwide Company's December 31, 2024 and 2023, financial statements are presented below: Accounts receivable Inventory Net sales Cost of goods sold Total assets Total stockholders' equity Net income What is the gross profit ratio for 2024? (Round your answer to one decimal place.) Multiple Choice 50,4%. 45.4%. 54.6% 2024 2023 $85,000 $75,000 89,000 80,000 480,000 376,000 262,000 226,000 835,000 765,000 505,000 435,000 79,000 58,000 54.4% Excerpts from Nationwide Company's December 31, 2024 and 2023, financial statements are presented below: Accounts receivable Inventory Net sales Cost of goods sold Total assets Total stockholders' equity Net income What is the gross profit ratio for 2024? (Round your answer to one decimal place.) Multiple Choice 50,4%. 45.4%. 54.6% 2024 2023 $85,000 $75,000 89,000 80,000 480,000 376,000 262,000 226,000 835,000 765,000 505,000 435,000 79,000 58,000 54.4%
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Managerial Accounting Tools for business decision making
ISBN: 978-1118096895
6th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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