Excel Applications for Accounting Principles
4th Edition
ISBN: 9781111581565
Author: Gaylord N. Smith
Publisher: Cengage Learning
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Question
Chapter 8, Problem 5R
To determine
Analyze the pattern of behavior of quarterly sales and actual gross profit. Also, comment on the favorable and unfavorable trends.
To determine
Compute the ending merchandise inventory.
To determine
Prepare a chart showing the relationship between gross profit percentage and ending merchandise inventory.
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PLEASE NOTE: All dollar amounts will have "$" and commas, where needed (i.e. $12,345).
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