Part 1 and 2 of the same problem, not separate problems![Required Information (The following information applies to the questions displayed below.] Part 1 of 2 Over a four-year perio](http://img.homeworklib.com/questions/11fd25f0-79ed-11ea-a434-b73f690e9917.png?x-oss-process=image/resize,w_560)
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Homework Answers
| 1 | ||||
| 2018 | 2019 | 2020 | 2021 | |
| Net sales | 58000 | 64000 | 72000 | 88000 |
| Cost of goods sold | 30600 | 44600 | 26600 | 46600 |
| Gross Profit | 27400 | 19400 | 45400 | 41400 |
| Gross Profit ratio | ||||
| 2018 | 47% | =27400/58000 | ||
| 2019 | 30% | =19400/64000 | ||
| 2020 | 63% | =45400/72000 | ||
| 2021 | 47% | =41400/88000 | ||
| 2 | ||||
| Cost of goods sold 2019 | 33720 | =44600-10880 | ||
| Cost of goods sold 2020 | 37480 | =26600+10880 | ||
| 2018 | 2019 | 2020 | 2021 | |
| Net sales | 58000 | 64000 | 72000 | 88000 |
| Cost of goods sold | 30600 | 33720 | 37480 | 46600 |
| Gross Profit | 27400 | 30280 | 34520 | 41400 |
| Gross Profit ratio | ||||
| 2018 | 47% | =27400/58000 | ||
| 2019 | 47% | =30280/64000 | ||
| 2020 | 48% | =34520/72000 | ||
| 2021 | 47% | =41400/88000 | ||
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Part 1 and 2 of the same problem, not separate problems
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