Question: Ue the following to answer the questions DO NOT INCLUDE COMMAS OR DOLLAR SIGNS IN YOUR ANSWERS Sales $850,000 Gain on sale of equipment $15,000
Ue the following to answer the questions DO NOT INCLUDE COMMAS OR DOLLAR SIGNS IN YOUR ANSWERS Sales $850,000 Gain on sale of equipment $15,000 Cost of goods sold $510,000 Operating expense $255,000 Sales returns & allowances $10,000 Income tax expense $18,000 Calculate Net sales Calculate operating income Calculate Net income Calculate the net profit margin, rounded to 2 decimal places
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