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Posted: June 15th, 2022

The following information is available for Partin Company:

The following information is available for Partin Company:Gross sales$598,000Gross sales Returns and Allowances20,000Price of Items Bought398,000Promoting Expense69,000Administrative Expense25,000Curiosity Expense19,000Curiosity Income20,000Directions(1). Use the above information to organize a multiple-step incomestatement for the yr ended December 31, 2007.(2). Compute the revenue margin ratio and gross revenue fee. PartinCompanyâs property initially of the yr had been $770,000, andwere $830,000 on the finish of the yr. To qualify for full credit score,it’s essential to state the system you’re utilizing, present your computations,and clarify your findings

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