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Case 2. Financial information is presented below for two different companies. KDW Cosmetics KDK Grocery Sales revenue $90,000 $ 97,000 Sales returns and allowances (a)
Case 2. Financial information is presented below for two different companies. KDW Cosmetics KDK Grocery Sales revenue $90,000 $ 97,000 Sales returns and allowances (a) 4,000 Net sales 85,000 93,000 Cost of goods sold 56,000 61,000 Gross profit (b) 32,000 Operating expenses 17,000 16,000 Income from operations (c) (e) Other income and expense (4,000) (7,000) Net income (d) 9,000 Instructions Determine the missing amounts from (a) to (e) (5, each 1 point)
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