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2. The following data are available for Synopsis Products, a partnership: Year 2013 2014 2015 Sales 103, 600 124. 800 156,000 Beginning InventoryY $16,000 24,000
2. The following data are available for Synopsis Products, a partnership: Year 2013 2014 2015 Sales 103, 600 124. 800 156,000 Beginning InventoryY $16,000 24,000 34,000 Ending Inventory $24,000 34,000 26, 000 Operating Expense s 8,000 18,000 12,000 Compute the purchases and the net income for the partnership for 2013, 2014, and 2015, assuming that the firm sells its merchandise at 25 percent above cost
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