Question: Please show work and where you got numbers from The following data relate to the operations of Company, a wholesale distributor of consumer goods: Shilow







Please show work and where you got numbers from
The following data relate to the operations of Company, a wholesale distributor of consumer goods: Shilow Current assets as of March 31: 7,600 Cash 20,400 Accounts receivable 40,200 Inventory 128,400 Building and equipment, net 23,925 Accounts payable Capital stock 150,000 22,675 Retained earnings a. The gross margin is 25% of sales. b. Actual and budgeted sales data: March (actual) $51,000 April $67,000 $72,000 May $97,000 June July $48,000
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