Question: Use the following to answer the questions DO NOT INCLUDE COMMAS OR DOLLAR SIGNS IN YOUR ANSWERS Sales $890,000 Loss on sale of equipment $3,000

Use the following to answer the questions DO NOT INCLUDE COMMAS

OR DOLLAR SIGNS IN YOUR ANSWERS Sales $890,000 Loss on sale of

Use the following to answer the questions DO NOT INCLUDE COMMAS OR DOLLAR SIGNS IN YOUR ANSWERS Sales $890,000 Loss on sale of equipment $3,000 Cost of goods sold $500.000 Operating expense $284,000 Sales returns & allowances $7.000 Income tax expense $24,000 Calculate Net sales Calculate operating income Calculate Net income Calculate the net profit margin, rounded to 2 decimal places

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