ACCOUNTING
Financial information is presented below for three different companies.
Determine the missing amounts.
Allen Cosmetics | Bast Grocery | Corr Wholesalers | |||||||
| Sales revenue | $90,000 | $ | (e) | $122,000 | |||||
| Sales returns and allowances | (a) | 5,000 | 12,000 | ||||||
| Net sales | 86,000 | 95,000 | (i) | ||||||
| Cost of goods sold | 56,000 | (f) | (j) | ||||||
| Gross profit | (b) | 38,000 | 24,000 | ||||||
| Operating expenses | 15,000 | (g) | 18,000 | ||||||
| Income from operations | (c) | (h) | (k) | ||||||
| Other expenses and losses | 4,000 | 7,000 | (l) | ||||||
| Net income | (d) | 11,000 | 5,000 | ||||||
12 years ago 1
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