QS 4-13 Computing and analyzing gross margin LO A2 Sales Sales discounts Sales returns and allowances...

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QS 4-13 Computing and analyzing gross margin LO A2 Sales Sales discounts Sales returns and allowances Cost of goods sold Net sales Gross profit Gross margin ratio a b $ 166,000 $ 870,000 $54,000 $ 273,000 5,000 20,000 5,000 18,000 6,000 2,000 94,952 537,628 129,808 Compute net sales, gross profit, and the gross margin ratio for each separate case a through d. (Round your gross margin ratio to 1 decimal place; i.e; 0.2367 should be entered as 23.7%.) $ $ 600 5,500 36,883 Answer is complete but not entirely correct. (c) (d) 54,000 $273,000 47,900 $ 266,000 88.7% 97.4% (a) (b) 870,000 $ 166,000 $ 143,000 $ 844,000 $ 86.1% X 97.0% QS 4-13 Computing and analyzing gross margin LO A2 Sales Sales discounts Sales returns and allowances Cost of goods sold Net sales Gross profit Gross margin ratio a b $ 166,000 $ 870,000 $54,000 $ 273,000 5,000 20,000 5,000 18,000 6,000 2,000 94,952 537,628 129,808 Compute net sales, gross profit, and the gross margin ratio for each separate case a through d. (Round your gross margin ratio to 1 decimal place; i.e; 0.2367 should be entered as 23.7%.) $ $ 600 5,500 36,883 Answer is complete but not entirely correct. (c) (d) 54,000 $273,000 47,900 $ 266,000 88.7% 97.4% (a) (b) 870,000 $ 166,000 $ 143,000 $ 844,000 $ 86.1% X 97.0%

Answer rating: 100% (QA)

Net sales Sales Sales discount Sales return and allowances Gross profit Net sales Cost of good... View the full answer