Question: J Bryant. Ltd. a local coat retailer. The store's accountant prepared the following income statement for the month ended January 31. Sales revenue $

J Bryant. Ltd. a local coat retailer. The store's accountant prepared the

J Bryant. Ltd. a local coat retailer. The store's accountant prepared the following income statement for the month ended January 31. Sales revenue $ 750.000 Cost of goods sold 300. ccc Gross margin 450.000 Less operating expenses 73.060 $ 376.940 Selling expense $ 23.560 Administrative expense 49,500 Net operating income

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