| Snyder Brush Company sells standard hair brushes. The following information summarizes Snyder's operating activities for 2012: |
| Selling and administrative expenses | $49,680 |
| Purchases | 78,000 |
| Sales revenue | 138,000 |
| Merchandise inventory, January 1, 2012 | 7,500 |
| Merchandise inventory, December 31, 2012 | 12,360 |
| Requirements: |
| 1. Prepare an income statement for 2012. Compute the ratio of operating expense to total revenue and operating income to total revenue. |
| 2. Snyder sold 6,000 brushes 2012. Compute the unit cost for one brush. |
urfanasy1849
week_2_exercize4.xlsx
