PLEASE POST YOUR STEPS AS WELL 4) Given the following information, construct an income statement and determine the profit or loss Sales $4,650,800 Cost of Goods Sold $3,525,900 Inventory at Cost $750,500 Operating Expenses $ 825,600 Interest Expense $ 19,200 Taxes $ 78,800 $ Net Sales COGS GM Profit Loss 5) Using the following hypothetical information taken from Costco Corporations balance sheet, determine the asset turnover (Figures are in $ millions) Net Sales $22,230,000 Total Assets $100,035,000 Total Inventories $ 59,890,000 Current Assets $ 257,000

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Question: PLEASE POST YOUR STEPS AS WELL 4) Given the following information, construct an income statement and determine the profit or loss. Sales $4,650,800 Cost of

PLEASE POST YOUR STEPS AS WELL

4) Given the following information, construct an income statement and determine the profit or loss.

Sales $4,650,800

Cost of Goods Sold $3,525,900

Inventory at Cost $750,500

Operating Expenses $ 825,600

Interest Expense $ 19,200

Taxes $ 78,800

	$	%
Net Sales
COGS
GM



Profit/Loss

5) Using the following hypothetical information taken from Costco Corporations balance sheet, determine the asset turnover (Figures are in $ millions)

Net Sales $22,230,000

Total Assets $100,035,000

Total Inventories $ 59,890,000

Current Assets $ 257,000

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