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Accounts and Their Balances from the Trial Balance of Blade

Question 59

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Accounts and their balances from the trial balance of Blade Runner Store for the year ended December 31, 2020 are below.
Accounts and their balances from the trial balance of Blade Runner Store for the year ended December 31, 2020 are below.    -Calculate the gross profit ratio for the year ended December 31, 2020. Interpret the ratio.
-Calculate the gross profit ratio for the year ended December 31, 2020. Interpret the ratio.

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Gross profit ratio = GP ratio ...

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