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Presented below is financial information for two different companies. Determine the missing amounts. Sales revenue Sales discounts Sales returns BrambleCompany $193,000 3,300 5,700 VaughnCompany
Presented below is financial information for two different companies. Determine the missing amounts. Sales revenue Sales discounts Sales returns BrambleCompany $193,000 3,300 5,700 VaughnCompany 223,100 3,800 6,300 213,000 Net sales 184,000 Cost of goods sold 109,500 126,500 Gross profit 74,500 86,500 Operating expenses 48,900 31,600 Income from operations 25,600 54,900 Other revenues (expenses) 5,300 3,300 Net income 30,900 51,600
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