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Business, 08.10.2020 03:01 owenbarrows

Anthony Thomas Candies (ATC) reported the following financial data for 2021 and 2020: 2021 2020 Sales $ 322,000 $ 295,000 Sales returns and allowances 7,200 4,400 Net sales $ 314,800 $ 290,600 Cost of goods sold: Inventory, January 1 48,000 21,000 Net purchases 140,000 133,000 Goods available for sale 188,000 154,000 Inventory, December 31 63,000 48,000 Cost of goods sold 125,000 106,000 Gross profit $ 189,800 $ 184,600 ATC's gross profit ratio (rounded) in 2021 is: (Round your answer to one decimal place e. g., 0.123 as 12.3%.)

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Anthony Thomas Candies (ATC) reported the following financial data for 2021 and 2020: 2021 2020 Sale...

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