Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help finish this statement AutoSave Off H2 New - Blackboard Financial Statement Analysis Search seana lamphear File Home Insert Page Layout Formulas Data Review

Please help finish this statement

image text in transcribed

AutoSave Off H2 New - Blackboard Financial Statement Analysis Search seana lamphear File Home Insert Page Layout Formulas Data Review View Help Share Comments Arial 10 AA == ab Wrap Text General NT AT TA W AY O Paste BIU a-A- Ideas $ %, 8. E E Merge & Center Insert Delete Format y Conditional Format as Cell Formatting Table Styles Styles Sort & Find & Filter Select Clipboard Font Alignment Number Cells Editing Ideas M11 X J L K M N - 0 Q R S T $ . B C D E F G H 3 For The Years Ended December 31, 2020 & 2021 4 5 2021 2020 6 Dollars Percentage Dollars Percentage 7 Revenue: 8 Sales 600,000 580,000 9 Less: Sales Returns 3,000 2,800 10 Net Sales $ 597,000 577,200 11 12 Cost Of Merchandise Sold: 381,000 $372,000 13 14 Gross Profit On Sales: $ 194,000 $181,200 15 16 Operating Expenses: 17 Total Selling Expenses 74.350 69,340 18 Total Administrative Expenses 73,450 70,480 19 Total Operating Expenses 147,800 $ 139,820 20 21 Operating Income: $ 46,200 $ 41.380 22 23 24 Other Expenses: 25 Interest Expense 3,400 3,800 $ LU $ 42,800.00 $ 37,580.00 27 Net Income 28 no lo AI, Income Statement - Exam Review Balance Sheet - Exam Review # 3 + 100% Type here to search o e a ? ^ olla 10:45 PM 6/21/2020

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Computers Electronics And High Tech Industry Irs Audit Techniques Guide

Authors: Internal Revenue Service

1st Edition

1304133834, 978-1304133830

More Books

Students also viewed these Accounting questions

Question

Make efficient use of your practice time?

Answered: 1 week ago