Question 44 of 50 Current Attempt in Progress Selected data for Wildhorse Corporation are as follows: Net credit sales Cost of goods sold Inventory at the end of year Accounts receivable at end of year (a) Gross profit percentage (b) 2021 Save for Later Compute gross profit percentage for 2021. $828,000 $542,000 430,560 334,000 107,000 72,000 86,000 112,000 2020 Attempts: 0 of 1 used.

Accounting (Text Only)
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ISBN:9781285743615
Author:Carl Warren, James M. Reeve, Jonathan Duchac
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Chapter17: Financial Statement Analysis
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Question 44 of 50
Current Attempt in Progress
Selected data for Wildhorse Corporation are as follows:
Net credit sales
Cost of goods sold
Inventory at the end of year
86,000
Accounts receivable at end of year 112,000
(a)
Gross profit percentage
2021
Compute gross profit percentage for 2021.
(b)
Save for Later
$828,000
430,560
2020
$542,000
334,000
107,000
72,000
%
Attempts: 0 of 1 used
-/6.3
Submit Ans
Transcribed Image Text:Question 44 of 50 Current Attempt in Progress Selected data for Wildhorse Corporation are as follows: Net credit sales Cost of goods sold Inventory at the end of year 86,000 Accounts receivable at end of year 112,000 (a) Gross profit percentage 2021 Compute gross profit percentage for 2021. (b) Save for Later $828,000 430,560 2020 $542,000 334,000 107,000 72,000 % Attempts: 0 of 1 used -/6.3 Submit Ans
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