1. Which company offers customers the fewest days for returns? 2. Which company offers customers the most days to pay for credit sales? 3. Compute gross profit for Telo. 1. Fewest days for returns offered by 2. Longer credit period 3. Gross profit Wozz Telo ng credit terr As owner of Telo, a startup business, you are struggling to gener business frequently runs low on cash. To help determine how to Sales and Costs for Compet Telo Creft $100,000 $80,000 $60,000 $40,000 Telo Sales: $85,000 $20,000 $0 Sales Sales discounts Sales Sales returns & allowances Cost of goods sold Sales discounts Sales returns & allowances Telo's Assets Amounts at December 31 Cr Supplies Accounts receivable Telo Land Sales and Costs for Comp Telo Creft $100,000 $80,000 $60,000 $40,000 $20,000 $0 Sales Sales discounts Telo Sales discounts: $6,000 Sales discounts Sales returns Sale RO e alla Tall Sales and Costs for Competing Telo Creft $100,000 $80,000 $60,000 $40,000 $20,000 $0 Sales Sales discounts Sales returns & allowances Telo Sales returns & allowances: $15,000 Cost of 6 Sale & all . Sales and Costs for Competing Com Telo Creft _00,000 80,000 60,000 540,000 520,000 $0 Telo Cost of goods sold: $60,000 Sales Sales discounts Sales returns & allowances Cost of goods sold Sal 1. Which company offers customers the fewest days for returns? 2. Which company offers customers the most days to pay for credit sales? 3. Compute gross profit for Telo. 1. Fewest days for returns offered by 2. Longer credit period 3. Gross profit Wozz Telo ng credit terr As owner of Telo, a startup business, you are struggling to gener business frequently runs low on cash. To help determine how to Sales and Costs for Compet Telo Creft $100,000 $80,000 $60,000 $40,000 Telo Sales: $85,000 $20,000 $0 Sales Sales discounts Sales Sales returns & allowances Cost of goods sold Sales discounts Sales returns & allowances Telo's Assets Amounts at December 31 Cr Supplies Accounts receivable Telo Land Sales and Costs for Comp Telo Creft $100,000 $80,000 $60,000 $40,000 $20,000 $0 Sales Sales discounts Telo Sales discounts: $6,000 Sales discounts Sales returns Sale RO e alla Tall Sales and Costs for Competing Telo Creft $100,000 $80,000 $60,000 $40,000 $20,000 $0 Sales Sales discounts Sales returns & allowances Telo Sales returns & allowances: $15,000 Cost of 6 Sale & all . Sales and Costs for Competing Com Telo Creft _00,000 80,000 60,000 540,000 520,000 $0 Telo Cost of goods sold: $60,000 Sales Sales discounts Sales returns & allowances Cost of goods sold Sal