Question
Set up a complete Profit & Loss skeletal statement using the information given below: Gross sales $129,350 Customer returns $ 10,600 Gross margin 46.2% Profit
Set up a complete Profit & Loss skeletal statement using the information given below:
Gross sales $129,350
Customer returns $ 10,600
Gross margin 46.2%
Profit $ 3,800
(Carry all answers to 2 decimal places)
What are the Net Sales dollars? $ _________
What is the Cost of Merchandise Sold? $ ________
What are the Expense dollars? $ _________
What is the Profit % _________%
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Todays Mood Is Sponsored By Auditing
Authors: Ruby Publishing
1st Edition
B08BG52SST, 979-8655512771
