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Exercise 5-14 Financial information is presented below for three different companies. Determine the missing amounts. Cullumber Cosmetics Riverbed Grocery Marin Wholesalers Sales revenue $90,500 (e)
Exercise 5-14 Financial information is presented below for three different companies. Determine the missing amounts. Cullumber Cosmetics Riverbed Grocery Marin Wholesalers Sales revenue $90,500 (e) $125,800 Sales returns and allowances (a) 5,810 12,600 Net sales 86,100 97,000 (0) Cost of goods sold 56,200 (f) (1) Gross profit (b) 40,800 25,100 Operating expenses 19,800 (9) 18,100 Income from operations (c) (h) (k) Other expenses and losses 3,300 7,400 (1) Net income (d) 11,600 4,100
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