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Exercise 5 - 1 1 Calculating income statement components LO 1 , 5 Calculate the missing amounts. ( Loss amounts should be indicated with a
Exercise Calculating income statement components LO
Calculate the missing amounts. Loss amounts should be indicated with a minus sign and input all other amounts as positive values. Do not round intermediate calculations. Round "Gross profit ratio" to decimal places.
tableanany,,Sales$$Sales discounts,,Sales returns and allowances,,,,Net sales,,,,Cost of goods sold,,Gross profit from sales,,Selling expenses,,Administrative expenses,,Total operating expenses,,,,Profit lossGross profit ratio,,,,,
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