Given the following information for Jadis Inc Cost Retail Markdown cancellations 720 Markup cancellations 2400 Employee discounts 720 Purchase returns 1200 1920 Purchases 33600 45600 Inventory January 1 8160 12720 Purchase discounts taken 720 Freightin 4800 Markups 12000 Markdowns 3600 Sales 45600

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1 Current year gross margin 720000180052 373464 Estiamted ... View the full answer