1)

You're a new operations manager that needs to review financials for your part of the business. You're most interested in the value of the inventory in the warehouse you manage. Where do you find this information?

Select one:

a. On the cash flow statement.

b. On the statement of retained earnings.

c. On the balance sheet.

d. On the income statement.

2) If your sales for the month of March is $6830, your wages, rent and advertising come to $3430 and your cost of goods sold comes to $2290, what is your gross profit?

Select one:

a. $4540

b. $1910

c. $2040

d. $1110