3. Complete the below grid. Submit your answers in a grid/table. Sales Turnover Average Inventory COGS Gross Margin- dollars Gross Margin- percent GMROI Department A $1.5 7.2 $.7 Department B 3.5 $.4 $.6 Department C $78.0 4.5 $52.3 Department Department Department D 12.0 $15.0 $41.3 E $32.5 $4.5 $12.9 F $45.2 $7.1 $15.8

3. Complete the below grid. Submit your answers in a grid/table. Sales Turnover Average Inventory COGS Gross Margin- dollars Gross Margin- percent GMROI Department A $1.5 7.2 $.7 Department B 3.5 $.4 $.6 Department C $78.0 4.5 $52.3 Department Department Department D 12.0 $15.0 $41.3 E $32.5 $4.5 $12.9 F $45.2 $7.1 $15.8

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter10: Accounting For Sales And Cash Receipts

Section: Chapter Questions

Problem 7SEA

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