Help me solve this, thanks. What is the value of A?Financial information is presented below for three different companies:Liz'sCosmeticsMonroeAlliedGrocery(c)P 6,00094,000(d)100,00010,00050,00072,00022,000WholesalersSalesSales returnsP90,000(a)74,00014,00088,0006,000P144,00012,000132,00044,000Net salesBeg. InventoryPurchasesPurchase retumsEnding inventoryCost of goods soldGross profit(b)64,00010,000(e)8,00030,000(f)24,000

Solution:- calculation of Net sales and Ending inventory as follows under:- The following formulas…

Answered: What is the value of A?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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