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Financial information is presented below for two different companies. Fill in the missing amounts. Assume that there are no nonoperating activates. Ivanhoe Company: Sales revenue
Financial information is presented below for two different companies. Fill in the missing amounts. Assume that there are no nonoperating activates. Ivanhoe Company: Sales revenue $96,480, Sales returns and allowances $, Net sales $91,000, Cost of goods sold $51,870, Gross profit $, Operating expenses $16,400, and Net income $; Sarasota Company: Sales revenue $, Sales returns and allowances $5,250 Net sales $104,000 Cost of goods sold $, Gross profit $46,280 Operating expenses $, and Net income $15,700
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