E3-15B (Missing Amounts)
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E3-15B (Missing Amounts) Presented below is financial information for two different companies.
Hirsch Company Ho Company
Sales $30,000 (d)
Sales returns (a) $ 1,600
Net sales 27,000 31,600
Cost of goods sold 18,600 (e)
Gross profit (b) 12,600
Operating expenses 5,000 7,600
Net income (c) 5,000
Instructions
Compute the missing amounts.
11 years ago
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