Bugsy provided the following operating information during the current year. Operating income $ 185,000 Selling, general,...

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Bugsy provided the following operating information during the current year. Operating income $ 185,000 Selling, general, and administrative costs 42,000 Cost of goods sold 77,500 Required: Provide input into cells shaded in yellow in this template. Input the required mathematical formulas or functions with cell references to the Problem area or work area as indicated. What was Bugsy's gross margin this year? Gross margin What was its total revenue this year? Total revenue Bugsy provided the following operating information during the current year. Operating income $ 185,000 Selling, general, and administrative costs 42,000 Cost of goods sold 77,500 Required: Provide input into cells shaded in yellow in this template. Input the required mathematical formulas or functions with cell references to the Problem area or work area as indicated. What was Bugsy's gross margin this year? Gross margin What was its total revenue this year? Total revenue

Answer rating: 100% (QA)

To calculate Bugsys gross margin and total revenue we can use the following formulas 1 ... View the full answer