find true solution Question:89Macarthy Landscape Supply's selected accounts as of December 31,2018, follow.Selling Expenses$ 12,900Interest Revenue900Net Sales Revenue1,34,700Cost of Goods Sold1,14,000Administrative Expenses10,200Compute the gross profit percentage for 2018.

The Gross Profit Percentage measures the proportion of sales revenue that exceeds the cost of goods…

Answered: Question:89 Macarthy Landscape Supply's…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter6: Cost Of Goods Sold And Inventory

Section: Chapter Questions

Problem 48E

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Question:89 Macarthy Landscape Supply's selected accounts as of December 31, 2018, follow. Selling Expenses $ 12,900 Interest Revenue 900 Net Sales Revenue 1,34,700 Cost of Goods Sold 1,14,000 Administrative Expenses 10,200 Compute the gross profit percentage for 2018.