Question: Question 29 (2 points) The table below presents income statement data and some assorted financial ratios for three diferent clothing store companies: Red Rock LLC,

 Question 29 (2 points) The table below presents income statement data

Question 29 (2 points) The table below presents income statement data and some assorted financial ratios for three diferent clothing store companies: Red Rock LLC, Explorer LLC, and GForce LLC. Using this data what did GForce LLC report as Gross Profit on its income statement (rounded, if necessary, to the nearest dollar)? All income statement figures are in dollars Financial Statement Account RedRock LLC Explorer LLC Depreciation 47,300 8,100 Gross sales 684,000 318,000 Operating expenses 45,400 62,000 Returns and allowances 13,000 8,000 4,850 12,860 GForce LLC 12,900 976,000 110,000 62,000 38,760 Assorted Financial Ratios Grass profit margin Current ratio Times interesteamed ratio Return on equity Dette 30% 1.8 1.6 14.4% 48.6% 35% 1.2 2.5 5.8% 33.2% 26% 3.3 4.2 24.7% 78.8% 1) $183,240 2) None of the amounts in this list are within $100 of the correct answer. 3) $203,100 4 $273,640 5) $105,800

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