Bindi's Bridal has provided the following yearly financial results:

• Gross Sales: $162,750
• Net Sales: $128,550
• Opening Inventory: $85,950
• Advertising Expenses: $8,200
• Sales Salaries: $15,700
• Rent: $19,000
• Utilities: $8,000
• Billed Cost: $48,293
• Cash Discounts: 3.5%
• Inward Freight: $2,750
• Workroom Costs: $1,850
• Closing Inventory: $83,300

 Create a final P&L in both $ and %. Show in even dollars (no cents) and percentages in one decimal point.

Answer rating: 100% (QA)

Bindis Bridal Profit and Loss Statement For the Year Ended Date Assuming December 31st Sales Gross S... View the full answer