The gross profit ratio measures the percentage of revenue left over after deducting cost of goods sold from net sales

Changing the appearance or the performance of a product or a service, or the creation of a new one, is called ______ innovation.

Fill in the blank(s) with the appropriate word(s).

Clark Sales sold 450 units of product to a customer on account. The company uses the perpetual inventory system. The selling price was $28 per unit, and the cost, according to the company's inventory records, was $12 per unit

Provide the journal entries to record the sale. What will be an ideal response