Liz B&Bs revenue for 2020 is $269,685, with the cost of sales at $201,185 and total expenses

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Liz B&B’s revenue for 2020 is $269,685, with the cost of sales at $201,185 and total expenses of $50,431. Revenue in 2020 was 15% higher than in 2019. The gross profit margin and net profit margin in both years were the same.

What were Liz’s B&B total expenses in 2019?

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Accounting Texts and Cases

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Posted Date: May 30, 2023 07:03 AM

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Liz B&Bs revenue for 2020 is $269,685, with the cost of sales at $201,185 and total expenses

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Given information Revenue in 2020 is 269685 Cost of sales in 2020 is 201185 Total expenses in 2020 ... View the full answer

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