Question: please help me solving this exercise :) Teddy's Toys sells a variety of children's toys, games, books, and accessories. Assume that a local store has


Teddy's Toys sells a variety of children's toys, games, books, and accessories. Assume that a local store has the following amounts for the month of March 2018. Required: 1. Prepare a multiple-step income statement for the month ended March 31, 2018. 2. Calculate the gross profit ratio for the month of March. (Round your answer to 1 decimal place after converting to a percentage.)
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