Question: Solve the following question Question 3: The data is extracted from the books of Mystery Mountain Lodge at December 31, 2001: Sales Cost of Goods

Solve the following question

Question 3: The data is extracted from the books of Mystery Mountain Lodge at December 31, 2001: Sales Cost of Goods Sold 181.25 % of Gross profit Gross Profit Operational Expenses Operational Income 10,000 Interest Expense Income before Income Tax Income Tax (35%) 1,750 Income ? Inventory (20% of Gross profit) 32,000 Required: Calculate the missing values. 11. Using the statement of earnings, prepare a vertical common size analysis, and comment

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