Question: Question 2.3 (Total: 18 marks; 2 marks each) Financial information follows for four different companies: Ace Brrrr Capital Death Star Consulting Freezers Consumer Inc. Corp.
Question 2.3 (Total: 18 marks; 2 marks each) Financial information follows for four different companies: Ace Brrrr Capital Death Star Consulting Freezers Consumer Inc. Corp. Inc. Ltd. Sales Revenue $98,000 c) $144,000 $120,000 Sales Returns and Allowances (a) $ 5,000 12,000 9,000 Net Sales Revenue 74,000 101,000 132,000 Beginning Inventory 21,000 (d) 44,000 24,000 Purchases 63,000 105,000 (e) 90,000 Returns and Allowances 6,000 10,000 8,000 (h) Ending Inventory (b) 48,000 30,000 28,000 Cost of Goods Sold 64,000 72,000 (f) 72,000 Gross Profit 10,000 29,000 18,000 (1) Required 1. Determine the missing amounts for parts (a) to (i). Show all calculations
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