Description
Presented here are the components in Wildhorse Co.’s income statement.
Determine the missing amounts.
Sales Revenue | Cost of Goods Sold | Gross Profit | Operating Expenses | Net Income | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Year 1 | $ 74,640 | $ | (b) | $ 30,600 | $ | (d) | $12,140 | ||||||||
Year 2 | $108,600 | $72,600 | $ | (c) | $ | (e) | $30,530 | ||||||||
Year 3 | $ | (a) | $75,410 | $111,280 | $48,930 | $ | (f) |
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Brief Exercise 5-1
Here is the Presented components in Wildhorse Co.’s income statement.
Determine the missing amounts.
Sales
Revenu...
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