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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.) Company B 2019 2020 $ 48,500 $ 570 1,200 6,200 45,500 Sales Sa discounts Sales retums and allowances Net Sales Cost of goods sold Gross prot tom sales Selling expenses Antve expenses Wong expenses 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 HALATAN 22 100 57,700 49.100 25,700 30,400 9,700 2,700 %
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