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4 Points (2) Accounting Concepts and Applications, chapter 14 – Review Problem page 693 to 697. Again, yes I know the solution is provided. Please use Excel to present the solutions in an effective and efficient format as the solution portrays in the 4 parts. Please provide a summary written from your perspective that explains what is happening in this problem – namely what each of the ratios presents in its calculation. There is no word minimum or APA format requirement; just make sure to help me see that you understand what is happening. All done in Excel.
Income StatementNet SalesCost of Goods SoldGross Margin Montana Corporation.For the year ending December 2009 (A) 2,009 600,000 500,000 100,000 Expenses:Selling & Distribution Expenses…
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