Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The expenses other than interest of Maria Company for the current year is 40% of cost of goods sold but only 20% of sales. Interest
The expenses other than interest of Maria Company for the current year is 40% of cost of goods sold but only 20% of sales. Interest expenses is 5% of sales.
The amount of purchase is 120% of cost of goods sold. Ending inventory is twice as much as the beginning. The income after tax of 30% for the current year is 350,000.
What is the amount of sale for the current year?
Kindly provide solution pls.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started