Question: Calculate the missing amounts. (Loss amounts should be indicated with a minus sign and input all other amou values. Do not round intermediate calculations. Round
Calculate the missing amounts. (Loss amounts should be indicated with a minus sign and input all other amou values. Do not round intermediate calculations. Round "Gross profit ratio" to 2 decimal places.) Company A Compan 2023 2022 2023 2022 Sales Sales discounts $ 250,000 $ 174,000 $ 42,000 2,500 1,200 1,200 440 Sales returns and allowances 15,400 4,900 Net sales 156,800 39,000 Cost of goods sold 150,600 56,400 Gross profit from sales 50,400 47,800 18,200 Selling expenses 17,320 18,400 24,400 Administrative expenses 25,000 29,100 8,400 Total operating expenses 44,800 Profit (loss) 13,800 1,400 % % % % Gross profit ratio
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
