Question: Selected data for three companies are given. Use the data, calculate operating income for each company Options for Company A: Calculations for company B: Options
Data Table CompanyA Company B CompanyC $ 21 Administrative Expenses 5 Cash 9 Net Sales Revenue 1 Selling Expenses 25 Merchandise Inventory 9 Equipment 9 $ 9 Wages Expense 4Equipment Cash Net Sales Revenue Finished Goods Inventory Cost of Goods Sold Selling Expenses Equipment Work-in-Process Inventory Accounts Receivable Cost of Goods Manufactured Administrative Expenses Raw Materials Inventory Accounts Receivable 25 Service Revenue 10 Cash 8 Rent Expense 38 59 17 10 Accounts Receivable 13 Cost of Goods Sold 26 Begin by calculating the operating income for Company A. Company A Gross Profit Selling and Administrative Expenses: Total Selling and Administrative Expenses Operating Income Accounts Receivable Administrative Expenses Cash Cost of Goods Manufactured Cost of Goods Sold Equipment Finished Goods Inventory Net Sales Revenue I Raw Materials Inventory Selling Expenses Work-in-Process Inventory Now calculate the operating income for Company E. Company B Accounts Receivable Cash Equipment Rent Expense Service Revenue Wages Expense mpany C
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