Question
A newly established company has the following financial statement figures at the end of its accounting period. (a) Cash..... 300 TL, (b) Accounts Payable.....250 TL,
A newly established company has the following financial statement figures at the end of its accounting period. (a) Cash..... 300 TL, (b) Accounts Payable.....250 TL, (c) Inventories.....150 TL, (d) Financing Expenses.....120 TL, (e) PPE.....500 TL, (f) General Administrative Expenses..... 220 TL, (g) Long-term borrowings.....400 TL, (h) Cost of Goods Sold.....300 TL, (i) Capital.....450 TL, (j) Accounts Receivable.....300 TL. According to this data, how much sales revenue did the company earn during the year?
a- 790 TL
b- 670 TL
c- 570 TL
d- 490 TL
e- other
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