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Complete the following data taken from the condensed income statements for merchandising Companies X, Y, and Z. Enter net loss with a minus sign. Company
Complete the following data taken from the condensed income statements for merchandising Companies X, Y, and Z. Enter net loss with a minus sign.
Company X | Company Y | Company Z | |
Net income/(net loss) | $220 | $ | $(40) |
Sales | 1,260 | 895 | |
Gross profit | 400 | 480 | |
Operating expenses | 540 | ||
Cost of goods sold | 310 | 750 |
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