Question: Determine the missing amounts (I highlighted the filled in missing amounts in bold) Company Sales or Service Revenue Cost of Goods Sold Gross Profit Operating
Determine the missing amounts (I highlighted the filled in missing amounts in bold)
| Company | Sales or Service Revenue | Cost of Goods Sold | Gross Profit | Operating Expenses | Income before Income Tax | Income Tax Expense | Profit | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $100 | 0 | 0 | $65 | $9 | |||||||||
| B | 100 | 60 | 35 | 26 |
My answer:
| Company | Sales or Service Revenue | Cost of Goods Sold | Gross Profit | Operating Expenses | Income before Income Tax | Income Tax Expense | Profit | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $100 | 0 | 0 | $65 | (65) | $9 | (74) | |||||||
| B | 100 | 40 | 60 | 25 | 35 | 9 | 26 |
Bolded numbers are the missing blocks I filled in.
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