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The financial statements ol Jaber's company for the year 2019 showed the following total assels $290,000, total liabilities $160,000, Inventory $75,000 and operating income $105,000
The financial statements ol Jaber's company for the year 2019 showed the following total assels $290,000, total liabilities $160,000, Inventory $75,000 and operating income $105,000 For the year 2020 the statements showed that total assets $320,000, total liabilities $180,000, net sales $200,000, gross profil $110,000 and nel income $55,000 Profil margin for the year 2020 will be 34% 55% Ob Oc 27 5% Od 34.5% The net realizable value of receivables is calculated as the face value of the receivables less adjustments for O. Credit sales Actual uncollected amounts adjusted for purchase discounts Estimated uncollectible accounts Bad debts already written off. Oc Od
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