Find the gross profit margin for each, Accounting Basics

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Find the gross profit margin for each

The following data were taken from the financial statements of Koura and Maki:

KOURA, Inc MAKI, Inc

Sales of Revenue $1,500,000 $2,000,000

Cost of Goods Sold $830,000 $11,540,000

Inventory, end of yr $185,000 $315,000

Inventory, beg. of yr $235,000 $155,000

Find the gross Profit margin for each.Find the inventory turnover for each. (C) Find the average inventory days outstanding for each.Analyze the information. Which company is doing better? Why?

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Accounting Basics: Find the gross profit margin for each

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Accounting Basics: Find the gross profit margin for each

Reference No:- TGS0676145

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Recent Questions Asked Accounting Basics

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Ask an Expert for Answer!!

Accounting Basics: Find the gross profit margin for each

Reference No:- TGS0676145

Recent Questions Asked Accounting Basics

Q : Explain the cost of goods manufactured

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Q : Compute the cost that should be assigned to the inventory

Q : Compute the amount of a lease payment

Q : Find the gross profit margin for each

Q : Explain the actual level of activity

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Q : Describe relationship between time and rate of interest

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