Question: Presented below is financial information for two different companies. Compute the missing amounts. Sheffield Company Tamarisk Company Sales revenue 87,960 (d) Sales returns and allowances

Presented below is financial information for two different companies. Compute the missing amounts. Sheffield Company Tamarisk Company Sales revenue 87,960 (d) Sales returns and allowances ( (a) 4,890 Net sales 86,200 102,570 Cost of goods sold 56,560 (e) Gross profit (b) 35,060 Operating expenses 16,190 25,290 Net income (c) 9.770

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