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Use the following to answer questions 2 8 - 3 3 The company reports the following income statement results: Sales $ 8 5 5 ,
Use the following to answer questions The company reports the following income statement results: Sales $ Operating expense Net income Sales returns & allowances Gross profit Interest expense $Calculate Net sales: $Calculate Cost of Goods Sold $Calculate operating income $Calculate Income before Income tax IBT Calculate the gross profit ratio one decimal place Calculate the profit margin
Use the following to answer questions
The company reports the following income statement results:
Sales $
Operating expense
Net income
Sales returns & allowances
Gross profit
Interest expense
$Calculate Net sales:
$Calculate Cost of Goods Sold
$Calculate operating income
$Calculate Income before Income tax IBT
Calculate the gross profit ratio one decimal place
Calculate the profit margin
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