Presented below is financial information for two different companies (amounts in thousands). Instructions a. Determine the missing
Question:
Presented below is financial information for two different companies (amounts in thousands).
Instructions
a. Determine the missing amounts.
b. Determine the gross profit rates. (Round to one decimal place.)
Transcribed Image Text:
Natasha Shoes Boris Footwear py694,000 (a) Sales revenue Sales returns Net sales Cost of goods sold Gross profit Operating expenses Net income (d) pyá 5,000 98,000 (e) 80,000 56,000 (b) 37,500 (f) 15,000 12,000 (c)
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Related Book For
Financial Accounting with International Financial Reporting Standards
ISBN: 978-1119504306
4th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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