Question: Financial information is presented below for two different companies. Gower Martini Food Drugs and Liquor Sales revenue $90,000 $ (e) Sales returns and (a)
Financial information is presented below for two different companies. Gower Martini Food Drugs and Liquor Sales revenue $90,000 $ (e) Sales returns and (a) 3,000 allowances Net sales 86,000 95,000 Cost of goods sold 56,000 (f) Gross profit (b) 36,000 Operating expenses 22,000 (8) Income from operations (c) (h) Other expenses and losses 4,000 7,000 Net income Determine the missing amounts DO IT (d) 11,000
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