A classified income statement showed net sales of $505,000 cost of goods sold of $202,000 and total

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A classified income statement showed net sales of $505,000 cost of goods sold of $202,000 and total operating expenses of $179,000 for the fiscal year ended June 30, 2019.

• What was the gross profit on sales?

• What was the net income from operations?

Related Book For answer-question

Essentials Of Accounting For Governmental And Not-for-Profit Organizations

ISBN: 9781260570175

14th Edition

Authors: Paul Copley

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Posted Date: Jan 12, 2022 02:14 AM

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A classified income statement showed net sales of $505,000 cost of goods sold of $202,000 and total

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Essentials Of Accounting For Governmental And Not-for-Profit Organizations

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