Response to the following problem:
The following information is taken from the records of four different companies in the same industry:
|
|
A
|
B
|
C
|
D
|
|
Sales
|
$ 300
|
$ 150
|
$ ?
|
$ 90
|
|
Opening inventory
|
?
|
40
|
40
|
12
|
|
Purchases
|
240
|
?
|
?
|
63
|
|
Cost of goods available
|
320
|
?
|
260
|
?
|
|
Less: Ending inventory
|
?
|
(60)
|
(60)
|
(15)
|
|
Cost of goods sold
|
?
|
100
|
200
|
60
|
|
Gross profit
|
$ 100
|
$ ?
|
$ 100
|
$ ?
|
|
Gross profit percentage
|
?
|
?
|
?
|
?
|
Required:
1. Calculate the missing amounts.
2. Which company seems to be performing best? Why?