Homework Answers
| From 2016 to 2017 | ||||||||
| Amount | Workings | Percentage | Workings | |||||
| Net Sales | $ 36,000.00 | ($ 336000 - $ 300000) | 12.0% | ($ 36000 / $ 300000) | ||||
| Cost of Goods sold | $ 20,000.00 | ($ 206000 - $ 186000) | 10.8% | ($ 20000 / $ 186000) | ||||
| Gross Profit | $ 16,000.00 | ($ 130000 - $ 114000) | 14.0% | ($ 16000 / $ 114000) | ||||
| From 2017 to 2018 | ||||||||
| Amount | Workings | Percentage | Workings | |||||
| Net Sales | $ 19,000.00 | ($ 355000 -$ 336000) | 5.7% | ($ 19000 / $ 336000) | ||||
| Cost of Goods sold | $ 8,000.00 | ($ 214000 - $ 206000) | 3.9% | ($ 8000 / $ 206000) | ||||
| Gross Profit | $ 11,000.00 | ($ 141000 - $ 130000) | 8.5% | ($ 11000 / $ 130000) | ||||
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