Use the following information to answer questions
Green Thumb Garden Supplies reported the following information for 2015 and 2016:
-What is the profit margin for 2016?
Definitions:
Receive Inventory
The process of accepting, documenting, and storing goods delivered to a business.
Enter Bill
The process of recording an invoice received from a vendor or supplier into the accounting system.
Merchandise Company
A business entity primarily engaged in the retail or wholesale buying and selling of goods for profit.
Opening Adjusting Entry
An entry made in the books at the beginning of an accounting period to adjust the balances of accounts from the previous period, ensuring accurate and up-to-date financial records.
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