Tekko Fabrics reported $1 455 000 in revenues for fiscal 2011. Sales returns and allowances were $23
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Tekko Fabrics reported $1 455 000 in revenues for fiscal 2011. Sales returns and allowances were $23 400, sales discounts $57 200, purchase discounts $77 990 and purchase returns and allowances $49 222. What were net sales?
a. $1 374 400
b. $1 247 188
c. $1 327 788
d. $1 353 610 LO1.
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