balance of $750. The Adjustments columns shows a credit of $425 for supplies used during the period. The a
Its acid-test ratio equals:
k because the ratios reveal no indication of liquidity problems.
tio is 1.07.
income was $.8 million. Its gross margin ratio equals:
ompany's gross margin and operating expenses, respectively, are:
company's gross margin and operating expenses, respectively, are:
worth of merchandise. On July 8, it paid the full amount due. The amount of the cash paid on July 8 equals:
nt. The freight charge,
, was added to the invoice amount. On June 20, it returned
of that merc
it terms of
/10, n/30. The cost of the items sold is
. Smart uses the perpetual inventory system and th