Question: Exercise 3-15 Presented below is financial information for two different companies. Compute the missing amounts. Pronghorn Company Stellar Company Sales revenue 87,790 (d) Sales returns

Exercise 3-15

Presented below is financial information for two different companies. Compute the missing amounts.

Pronghorn Company

Stellar Company
Sales revenue 87,790

Exercise 3-15 Presented below is financial information for two different companies. Compute

 (d)
Sales returns and allowances

the missing amounts. Pronghorn Company Stellar Company Sales revenue 87,790 (d) Sales

 (a) 5,050
Net sales 77,670 92,560
Cost of goods sold 51,220

returns and allowances (a) 5,050 Net sales 77,670 92,560 Cost of goods

 (e)
Gross profit

sold 51,220 (e) Gross profit (b) 39,060 Operating expenses 14,910 24,560 Net

 (b) 39,060
Operating expenses 14,910 24,560
Net income

income (c) 14,500

(c) 14,500

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