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Exercise 5-11 Calculating income statement components LO1, 5 Calculate the missing amounts. (Loss amounts should be indicated with a minus sign and input all other
Exercise 5-11 Calculating income statement components LO1, 5 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 2 decimal places.) $ Sales Sos discounts Sales returns and allowances Company B 2020 2019 $ 48,500 1,200 570 6,200 45,500 Company A 2020 2019 263.000 $ 187,000 2,630 16,700 168,950 157.100 51.700 18,620 19 700 26,300 47 400 15.100 % % Cost of goods sold Gross profit from sales Seng expenses ve expenses Terting expenses 22.100 57,700 49.100 25,700 30.400 9,700 2,700 %
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