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Starbucks Corporation provided the following financial data for the month of February 2024: Total sales revenue: $2,500,000 Sales returns and allowances: $150,000 Sales discounts: $50,000
Starbucks Corporation provided the following financial data for the month of February 2024:
- Total sales revenue: $2,500,000
- Sales returns and allowances: $150,000
- Sales discounts: $50,000
- Cost of goods sold: $1,500,000
- Operating expenses: $500,000
- Other expenses: $100,000
- Income tax expense: $200,000
Calculate the net sales, gross margin, operating income, and net income for Starbucks Corporation for February 2024.
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