In cell d12, enter a formula to calculate the difference between the actual and budget. copy the formula to the range d13: d19. delete the formula in cell d15. if the actual expense is more than the budget expense, the result is positive. if the actual expense is less than the budget expenses, the result is negative, indicating under budget.

Margaret company reported the following information for the current year: net sales $3,000,000 purchases $1,957,000 beginning inventory $245,000 ending inventory $115,000 cost of goods sold 65% of sales industry averages available are: inventory turnover 5.29 gross profit percentage 28% how do the inventory turnover and gross profit percentage for margaret company compare to the industry averages for the same ratios? (round inventory turnover to two decimal places. round gross profit percentage to the nearest percent.)