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42 Part 6 of 7 23 oints The following information was drawn from the annual reports of two companies. Sales revenue Cost of Goods
42 Part 6 of 7 23 oints The following information was drawn from the annual reports of two companies. Sales revenue Cost of Goods Sold Gross Margin Company A $1,000 Company B $ 2,000 (600) (1,100) 400 900 (220) (700) 180 200 Operating Income Print Gain on the sale of equipment 150 0 $ 330. $ 200 Net Income Operating Expenses Assume both companies receive a $1,000 Increase in sales and the return on sales ratio does not change. Under th Multiple Choice
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