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Presented below is financial information for two different companies. Compute the missing amounts. Metlock Company Bonita Company Sales revenue 89,060 enter a dollar amount (d)
Presented below is financial information for two different companies.
Compute the missing amounts.
Metlock Company Bonita Company
Sales revenue 89,060 enter a dollar amount (d)
Sales returns and allowances enter a dollar amount (a) 4,750
Net sales 86,570 94,440
Cost of goods sold 60,730 enter a dollar amount (e)
Gross profit enter a dollar amount(b) 36,880
Operating expenses 15,750 23,950
Net income enter a total net income amount (c) 12,930
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