I want the Answer please without any problem QUESTION:90The following information pertains to Bright Toy Company's operatingactivities for 2012. The company sells light box toys and sold 10,000units in 2012.Purchases: $126,000Selling & Administrative Expenses: $90,000Merchandise inventory, 1/1/2012: $14,000Merchandise inventory, 12/31/2012: $10,000Sales revenue: $250,000What is the gross profit percentage?A. 56%B. 36%C. 48%D. 100%

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Answered: QUESTION:90 The following information…

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 33BE

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