You own a pet supply business. Last year, you sold $42,000 in dog food and $53,000 in cat food. Returns totaled $5,000. The cost of goods sold on the dog food was $13,000 and the cost of goods sold on the cat food was $14,000. Operating expenses for the business were $13,000 for salaries, $4,500 for rent, $1,200 for insurance, $1,000 for utilities, $900 for advertising and $600 for miscellaneous expense. Taxes were $10,500. Compute the following:
Net income after taxes=
Net-profit-on-skes=
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You own a pet supply business. Last year, you sold $42,000 in dog food and $53,000 in cat food. Retu...
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