Accounting Exam Questions and Answers 2023, Exams of Accounting

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Accounting Exam Questions and Answers 2023 M5: Practice Quiz 4 1ofi4w > Score: 0 of 1 pt (%) S5-10 (similar to) FB (Click the icon to view the accounts and balance Compute the gross profit percentage for 2016. @ Click the icon to see the Worked Begin by select the formula labels to compute the the nearest tenth of a percent, X.X%.) Gross profit 2 I Net sales reve $ 14,000 a) 134,000 Madlock Landscape Supply's selected accounts as of December 31, 2016 follow. e Data Table -X Selling Expenses $ 13,400 Interest Revenue 900 Sales Retums and Allowances 5,500 fe gross | Sales Revenue 142,000 Cost of Goods Sold 120,000 Sales Discounts 2,500 Administrative Expense 9,900 Print Done Move your pointer over or tap on the cells with red arrows to see incorrect answers. @ Click the icon to see the Worked Solution. Begin by select the formua labels to compute the gross proft percentage, then enter the amounts and compute the gross profit percentage. (Round your answer to the nearest tenth of a parcent, X.X%.) Gross profit ) Net sales revenue = Gross profit % $s 14,000 1s 134,000 72 104 Yo