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Aspen Community Pharmacy operates in two distinct segments: Traditional and Specialty. The income statements for each operating segment are presented below. Aspen Community Pharmacy Income
Aspen Community Pharmacy operates in two distinct segments: Traditional and Specialty. The income statements for each operating segment are presented below. Aspen Community Pharmacy Income Statements For the Year Ended June 30, 20X2 Traditional Specialty Amount % Amount % Sales revenue $480,000 $170,000 Cost of goods sold $307,200 $105,400 Gross profit $172,800 $64,600 Operating expenses $81,600 $27,200 Operating income $91,200 $37,400
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