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.
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.
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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7a2495f5-7e78-4de7-b4f9-2f179e64fc63%2F5870eadc-08c1-425a-8d9b-72ed7cfe3923%2F6ihlqc_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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.
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