A classified income statement showed net sales of $435,000, cost of goods sold of $188,000, and total

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A classified income statement showed net sales of $435,000, cost of goods sold of $188,000, and total operating expenses of $165,000 for the fiscal year ended June 30, 20--.

(1) What was the gross profit on sales?

(2) What was the net income from operations?

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Accounting What the Numbers Mean

ISBN: 978-0078025297

10th edition

Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele

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Posted Date: Aug 30, 2018 07:47 AM

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A classified income statement showed net sales of $435,000, cost of goods sold of $188,000, and total

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Accounting What the Numbers Mean

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