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COGS SCHEDULE AND INCOME STATEMENT I need to find the blank answers shown in the input sheet. please show me how to get the answer
COGS SCHEDULE AND INCOME STATEMENT I need to find the blank answers shown in the input sheet. please show me how to get the answer so that i can plug in formula to excel the answers that are already there are correct already plugged in from the input sheet.
B 1 INPUT SECTION 2 3 Item Name 4 Company Name World Series, Inc. 5 6 Item Amount($) 7 Purchases $35,530 8 Inventory, 12/31/21 $18,420 9 Gross Profit $71,280 10 Other: Revenue/Expense/Gain/Loss(+/-) ($1,890) 11 Net Income $32,460 12 13 Item Amount(%) 14 Purchase Adjustments as a % of Net Purchases 10 15 Cost of Goods Sold as a % of Cost of Goods Available 60 16 Freight-IN as a % of Net Sales 1.5 17 Sales as a % of Sales Adjustments 450 18 Tax Rate 25 19 Preferred Stock Dividends as a % of Operating Income 20 20 21 Item Amount(shares) 22 Weighted Average Common Shares Outstanding 17,500 23 24 25 26 A3 fx COGS Schedule G H 2 D OUTPUT SECTION 1 Income Statement COGS Schedule 6 7 Inventory 1/1/21 & Archases $35,530 9 Less 10. Purchases Adjustments 11 Net Purchases 12 Add: 13 Freight-in $65,475 14 COGPurchased 15 COGAvailable 16 Less 17 Inventory, 12/31/21 18 COGS 19 20 21 22 23 Sales Less: Sales Adjustments Net sales COGS Gross Profit Operating Expenses Operating Income Other: Rev/xp/Gan/Loss Income Before Tax Tax Net Income $43,650 $27,630 $71,280 $46,050 $1.890 $18,420 $27,630 $32,460 EPS 2 Name 3 Item World Series, Inc. 4 Company Name 5 Amount ($) 6 Item 7 Purchases $35,530 $18,420 8 Inventory, 12/31/21 9 Gross Profit $71,280 - $1,890 10 Other: Revenue/Expense/Gain/Loss (+/-) 11 Net Income $32,460 12 Amount (%) 10.0 60.0 1.5 13 Item 14 Purchases Adjustments as a % of Net Purchases 15 Cost of Goods Sold as a % of Cost of Goods Available 16 Freight-IN as a % of Net Sales 17 Sales as a % of Sales Adjustments 18 Tax Rate 19 Preferred Stock Dividends as a % of Operating Income 20 450.0 25.0 20.0 21 Item Amount (shares) 22 Weighted Average Common Shares Outstanding 17,500 Step by Step Solution
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