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Pham Enterprises
The following selected financial information is available for Pham Enterprises for the year ended December 31, Year 1:
Net sales $450,000 Inventory, 1/1/Year 1 $48,400
Cost of goods sold $299,500 Inventory, 12/31/Year 1 $49,670
-Refer to the information provided in the figure Pham Enterprises.What is the company's gross profit ratio for Year 1?
New Equity Sales
The process of offering new shares of stock to the public or existing shareholders to raise capital.
Dividends Paid
The total amount of money distributed by a company to its shareholders out of its profits or reserves, usually on a regular basis.
CCA Rate
The annual depreciation rate used for tax purposes to write off the cost of capital assets over time in Canada.
UCC
Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States.
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