Calculate the missing quantities. King Company Queen's Company sales revenue 56000 ? Sales returns and benefits ?
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Question:
Calculate the missing quantities.
King Company | Queen's Company | ||
sales revenue | 56000 | ? | |
Sales returns and benefits | ? | 5000 | |
net sales | 50000 | ? | |
COGS | 33000 | 80000 | |
Gross profit | ? | 32000 | |
operating expenses | 12000 | ? | |
Net Income | ? | 14000 |
Calculate the profit margin and gross profit rate for each company.
Related Book For
College Accounting Chapters 1-30
ISBN: 978-1259631115
15th edition
Authors: John Price, M. David Haddock, Michael Farina
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