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.
Thank you for the opportunity to help you with your question!
beginning inventory percent of net sales = 40000/222000 *100 = 18.01%
gross sales percent of net sales =401000/222000 = 180.63%
Please find the solution enclosed here with .. In case of any doubt please feel free to ask… Do not forget to best my answer… If you are having some other problem please feel free to contact me for quick & quality services..