Anthony Thomas Candies (ATC) reported the following financial data for 2021 and 2020: 2021 2020 $305,000 $284,000 9,000 6,000 $296,000 $278,000 Sales Sales returns and allowances Net sales Cost of goods sold: Inventory, January 1 Net purchases Goods available for sale Inventory, December 31 Cost of goods sold Gross profit 43,000 36,000 152,000 146,000 195,000 182,000 57,000 43,000 138,000 139,000 $ 158,000 $139,000 ATC's gross profit ratio (rounded) in 2021 is: Multiple Choice
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Anthony Thomas Candies (ATC) reported the following financial data for 2021 and 2020: 2021 2020 $305,000 $284,000 9,000
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Anthony Thomas Candies (ATC) reported the following financial data for 2021 and 2020: 2021 2020 $305,000 $284,000 9,000
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