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I. The following table exhibits the Income statement relationships. Fill in the appropriate blanks for each of the independent situations below. Sales revenue Company A
I. The following table exhibits the Income statement relationships. Fill in the appropriate blanks for each of the independent situations below. Sales revenue Company A Company B Company C 343,400 540,000 (a) Y Beginning inventory 52,600 d) 90,000 Net Purchase Ending inventory Cost of goods sold Gross Profit Operating Expenses Income before taxes 175,300 52,200 b) 95.300 c) 6,000 255,600 108,000 e) 88,000 50,000 63,000 387,000 (h) 48,000 (i) II. Compute the missing amount for each of the following notes: Principal Annual Interest Rate Time Total Interest (a) $60,000 10% 2.5 years ? (b) $120,000 ? 9 months S7,200 @ 10% 90 days $2,000 (d) $40,000 9% ? $1,200
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