Question: I just need help figuring out the two I got wrong studentPerformance.do?printStudentld-20892425&printlds: 197406551 &student Names Longona%252C% Import bookmarks now.. CP13-2 Analyzing Comparative Financial Statements Using

 I just need help figuring out the two I got wrong
studentPerformance.do?printStudentld-20892425&printlds: 197406551 &student Names Longona%252C% Import bookmarks now.. CP13-2 Analyzing Comparative Financial
I just need help figuring out the two I got wrong

studentPerformance.do?printStudentld-20892425&printlds: 197406551 &student Names Longona%252C% Import bookmarks now.. CP13-2 Analyzing Comparative Financial Statements Using Selected Ratios LO The comparative financial statements prepared at December 31 for Golden Corporation showed the f ollowing summarized data Income Statement Sales revenue Cost of goods sold $180,000 $165,000 T Gross profit Operating expenses Interest expense 10,000 100,000 65,000 2,600 70,000 53,300 2,700 50400 4,000 12,000 S 10,000 9,000 4,000 Income before income taxes Income tax expense 3,000 Net income Balance Sheet Cash Accounts receivable (net) Inventory Property and equipment (net) $ 4,000 8,000 23,000 35,000 38,000 19,000 40,000 45,000 $108,000 $104,000 Current liabilities Note payable (long-term) Common stock (par $5) Additional paid-in capital Retained earnings S 16,000 45,000 30,000 5,000 12,000 $ 19,000 45,000 30,000 5,000 5,000 108.000$104,000 During the current year cash dividends of $3.000 were declared and paid Required: 1-a. Compute the gross profit percentage for the current and previous years, (Round your answers to 1 decimal place.) Gross Profit Percentage

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