Presented below is financial information for two different companies.

Compute the missing amounts.

Warning

  

Shabbona Company

 

Jenkins Company

Sales revenue

 

95,970

  

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 (d)

Sales returns and allowances

 

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 (a)

 

5,420

 

Net sales

 

88,660

  

90,810

 

Cost of goods sold

 

58,450

  

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 (e)

Gross profit

 

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 (b)

 

38,090

 

Operating expenses

 

15,530

  

26,170

 

Net income

 

http://edugen.wiley.com/edugen/art2/common/pixel.gif[removed]

 (c)

 

11,920

 
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