Please answer letters D, E, and F only. Financial information is presented below for three differentcompanies:E9-6Liz'sMonroeAlliedWholesalersGrocery(c)P 6,000CosmeticsSalesSales returnsP90,000(a)P144,00012,000132,00044,000(e)Net sales74,00094,000(d)Beg. InventoryPurchasesPurchase returns14,00088,000100,0008,00030,000(f)6,00010,00050,00072,00022,000(b)Ending inventoryCost of goods soldGross profit64,00010,00024,000Required: Determine the missing accounts. Show all your computations in goodform.

Gross profit means the difference between the sale revenue and cost of goods sold where as operating…

Financial information is presented below for three different companies: E9-6 Liz's Monroe Allied Wholesalers Grocery (c) P 6,000 Cosmetics P144,000 12,000 Sales Sales returns Net sales P90,000 (a) 132,000 44,000 (e) 74,000 94,000 (d) Beg. Inventory Purchases 14,000 88,000 100,000 10,000 8,000 30,000 (f) 24,000 6,000 (b) Purchase returns Ending inventory Cost of goods sold Gross profit 64,000 10,000 50,000 72,000 22,000 Required: Determine the missing accounts. Show all your computations in goc Form.

Financial information is presented below for three different companies: E9-6 Liz's Monroe Allied Wholesalers Grocery (c) P 6,000 Cosmetics P144,000 12,000 Sales Sales returns Net sales P90,000 (a) 132,000 44,000 (e) 74,000 94,000 (d) Beg. Inventory Purchases 14,000 88,000 100,000 10,000 8,000 30,000 (f) 24,000 6,000 (b) Purchase returns Ending inventory Cost of goods sold Gross profit 64,000 10,000 50,000 72,000 22,000 Required: Determine the missing accounts. Show all your computations in goc Form.

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.4.6P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

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