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gross profit/ net profit/ shareholders equity please Company Name: Coffee Caf; I/S Timeframe: Q1 2021; B/S Timeframe: Mar 31, 2021; Currency: $USD Income Statement Items
gross profit/ net profit/ shareholders equity please
Company Name: Coffee Caf; I/S Timeframe: Q1 2021; B/S Timeframe: Mar 31, 2021; Currency: $USD Income Statement Items Balance Sheet Items Cost of Coffee beans: $15,000 Cash $40,000 Gross Profit: ??? Bank Loan - Long Term $75,000 Other fixed expenses. $2,000 Accounts Receivable $10,000 Beverage sales: $40,000 Accounts Payable $9,000 Net Profit (disregard tax) ??? Salary Owed $3,000 Rent: $8,000 Prepaid Expenses $4,000 Other direct expenses! $5,000 Shareholders Equity ??? Utilities: $500 Equipment $50,000 Sales & marketing: $3,000 Other Long Term Assets $25,000 Food & pastry sales: $17,000 Ken GlobermanStep by Step Solution
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