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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 allowances20,000Value of products bought398,000Promoting expense69,000Administrative expense25,000Curiosity expense19,000Curiosity income20,000Directions:1: Use the above information to organize a multiple-step earnings assertion for the 12 months ended December 31, 2007.2: Compute the revenue margin ratio and gross revenue fee. Partin Firm�s property initially of the 12 months had been $770,000, they usually had been $830,000 on the finish of the 12 months. To qualify for full credit score, you have to state the system you might be utilizing, present your computations, and clarify your findings. (Factors : 30)
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