Presented below is financial information for two different companies (amounts in thousands). Instructions a. Determine the missing

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Presented below is financial information for two different companies (amounts in thousands).

Natasha Shoes Boris Footwear py694,000 (a) Sales revenue Sales returns Net sales Cost of goods sold Gross profit Operati

Instructions

a. Determine the missing amounts.

b. Determine the gross profit rates. (Round to one decimal place.)

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Financial Accounting with International Financial Reporting Standards

ISBN: 978-1119504306

4th edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Jul 19, 2019 08:03 AM

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Presented below is financial information for two different companies (amounts in thousands). Instructions a. Determine the missing

Question:

Natasha Shoes Boris Footwear py694,000 (a) Sales revenue Sales returns Net sales Cost of goods sold Gross profit Operating expenses Net income (d) pyá 5,000 98,000 (e) 80,000 56,000 (b) 37,500 (f) 15,000 12,000 (c)

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Financial Accounting with International Financial Reporting Standards

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