Speedy Cleaning Service had a cost of beginning inventory of $40,000, net sales of $222,000, and gross sales of $401,000. Find the beginning inventory percent of net sales and gross sales percent of net sales.
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beginning inventory percent of net sales = 40000/222000 *100 = 18.01%
gross sales percent of net sales =401000/222000 = 180.63%
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Jul 10th, 2015
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