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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
1. Use the supplementary information to compute the total cost of merchandise purchases.
2. Based upon the merchandise purchases calculated in Step 1 and the supplementary information calculate Cost of Goods Sold.
3. In proper order and form, prepare the Company’s Multi-Step Income Statement, Statement of Owner’s Equity and Balance Sheet.
4. Journalize the closing entries.
5. Compute and interpret the Current Ratio, Acid-Test Ratio and Gross Margin Ratio.
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