Given the following information, construct an income statement and determine if there was a profit or loss
Question:
Sales …………………….......…$3,015,534
Cost of Goods Sold ………$2,020,954
Operating Expenses ………$ 193,628
Interest Expense ……....…….$ 15,188
Taxes ……………….......…....…..$ 67,807
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Net Sales 3015534 Less Cost of Goods Sold 2020954 Gross Margin 994580 Less O...View the full answer
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Related Book For
Retailing Management
ISBN: 978-0070893207
4th Canadian Edition
Authors: Michael Levy, Barton Weitz, Dea Watson
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