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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
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 millions as provided to you in the problem statement, SX.) X Data table Begin by calculating the operating income for Company A. Company A Company A Cash S $ Company C 15 Administrative Expenses 24 Cash $ 7 30 Gross Profit Company B 9 Wages Expense 41 Equipment 2 Accounts Receivable 25 Service Revenue 51 Cash 3 Net Sales Revenue 82 Selling and Administrative Expenses: 18 18 54 Selling Expenses 10 Merchandise Inventory Equipment Accounts Receivable Cost of Goods Sold 39 Net Sales Revenue Finished Goods Inventory Cost of Goods Sold Selling Expenses Equipment Work-in-Process Inventory Accounts Receivable Cost of Goods Manufactured Administrative Expenses Raw Materials Inventory Total Selling and Administrative Expenses 62 Rent Expense al 15 15 Operating Income 32 26 3 10 Print ( Done
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