View Policies

Current Attempt in Progress

Assume Ayayai Company has the following reported amounts: Sales revenue $$500,000,$ Sales returns and allowances $$10,000,$ Cost of

goods sold $$333,200,$ and Operating expenses $$70,000.$

$($a$)$ Compute the net sales.

Net sales $

$($b$)$ Compute the gross profit.

Gross profit $

$($c$)$ Compute the income from operations.

Income from operations $

$($d$)$ Compute the gross profit rate. $($Round answer to $1$ decimal place, e$.$g$.25\mathrm{.}2\%.)$