Firms first year of operations


Firm a has cogs equal to $500,000 for year ended 12/31/04. Gross profit for the year also was $500,000, and the profit margin for the year was 15%. The retention rate for the year was 80%, and year 2004 was the firm's first year of operations.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Firms first year of operations
Reference No:- TGS089953

Expected delivery within 24 Hours