Question: Using a format similar to Exhibit 5.11, calculate net sales, gross profit from sales, and the gross profit ratio (round to two decimal places). Sales

Using a format similar to Exhibit 5.11, calculate net sales, gross profit from sales, and the gross profit ratio (round to two decimal places).

Using a format similar to Exhibit 5.11, calculate net sales,

Sales Sales discounts 130,000 512,000 35,700 $245,700 3,500 700 76,600 326,700 21,300 125,900 16,500 5,000 4,200 400 17,000 5,000 Cost of goods sold

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