Question: Use the following information create a P/L statement in both % & $ Gross Sales $359,000 Customer Returns $32,200 Merchandise $140,000 Shipping charges for Goods
Use the following information create a P/L statement in both % & $
Gross Sales $359,000
Customer Returns $32,200
Merchandise $140,000
Shipping charges for Goods $8,000
Cash Discountson Goods 3%
Advertising $15,000
Other Expenses $25,000
Salaries $62,000
Rent $41,000
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| Gross Sales | 359,000 | 100% |
| CRA | 32,200 | 9.0% |
| Net Sales | 326,800 | 100% |
| COGS | 143,800 | 44.0% |
| GM | 183,000 | 56.0% |
| OE | 143,000 | 43.8% |
| P/L | 40,000 | 12.2% |
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