Financial information is presented below:
A. Operating expenses 28,000
B. Sales returns...
Business, 29.02.2020 00:55, akluke6059
Financial information is presented below:
A. Operating expenses 28,000
B. Sales returns and allowances 7,000
C. Sales discounts 3,000
D. Sales revenue 150,000
E. Cost of goods sold 91,000
What is the net income?
What is the net sales?
What is the profit margin ratio?
Please explain how to find each.
Answers: 1
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