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Part 1 of 1 FOREST OF 15 Save Selected data for three companies are given below. All inventory amounts are ending balances and all
Part 1 of 1 FOREST OF 15 Save Selected data for three companies are given below. All inventory amounts are ending balances and all amounts are in millions (Click the icon to view the data.) Using the above data, calculate operating income for each company (Enter amounts in milions as provided to you in the problem statement. SX) Begin by calculating the operating income for Company A Company A Gross Profit Selling and Administrative Expenses Total Selling and Administrative Expenses Operating Income Data table C Company A Company B Company C Cash $ 13 Wages Expense $ 14 Administrative Expenses $ 3 Net Sales Revenue 28 Equipment 41 Cash 11 Finished Goods Inventory 6 Accounts Receivable 9 Net Sales Revenue 32 Cost of Goods Sold 16 Service Revenue 39 Selling Expenses .0 Selling Expenses 9 Cash 10 Merchandise Inventory 15 Equipment 62 Rent Expense 11 Equipment 47 Work-in-Process Inventory Accounts Receivable Accounts Receivable 16 Cost of Goods Sold 18 9 Cost of Goods Manufactured 22 Administrative Expenses Raw Materials Inventory 1 10 Print Done
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