Question: profit margin Current Attempt in Progress Larkspur Merchants reported the following on its income statement for the fiscal year ended December 31, 2021 and 2020

profit margin

Current Attempt in Progress Larkspur Merchants reported the following on its income statement for the fiscal year ended December 31, 2021 and 2020 2021 2020 Sales $495.660 $475.590 Cost of goods sold D Beginning inventory 146.580 154.124 Net purchases 346,390 323.160 Ending inventory (138.974) (146 580) Cost of goods sold 353,996 330,704 Gross profit 141.664 144.886 Operating expenses 87.568 89.168 Profit $54.096 $55,718

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