Question: Financial information is presented below for three different companies. Instructions I. Determine the missing amounts. II. Which company has higher sourcing efficiency? Show calculations. III.

Financial information is presented below for three different companies. Instructions I. Determine the missing amounts. II. Which company has higher sourcing efficiency? Show calculations. III. Compute the sales retum and allowance as a percentage of sales revenue for all companies and interpret the results. IV. The average merchandise inventory for Natural Cosmetics and Matter Grocery are $7,400 and $7,800 respectively. Which company is holding relatively higher inventory? What will be the negative consequences of holding higher inventory

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