Exercise 5-14
Financial information is presented below for three different companies.
Determine the missing amounts.
|
Allen Cosmetics |
Bast Grocery |
Corr Wholesalers |
||||
|
Sales revenue |
$95,550 |
$ |
(e) |
$126,100 |
||
|
Sales returns and allowances |
(a) |
5,890 |
12,840 |
|||
|
Net sales |
85,750 |
97,090 |
(i) |
|||
|
Cost of goods sold |
55,890 |
(f) |
(j) |
|||
|
Gross profit |
(b) |
39,950 |
26,000 |
|||
|
Operating expenses |
17,560 |
(g) |
18,840 |
|||
|
Income from operations |
(c) |
(h) |
(k) |
|||
|
Other expenses and losses |
3,310 |
7,250 |
(l) |
|||
|
Net income |
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