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What dollar amount belongs in the following letters? A. B. C. D. E. F. G. H. 44) Using the information from the income statement #1
What dollar amount belongs in the following letters?
A. B. C. D. E. F. G. H.
44) Using the information from the income statement #1 above, calculate the gross profit rate.
45) Using the information from the income statement #2 above, calculate the gross profit rate.
Multi-Step Income Statement Company B Income Statement #2 Sales (E) Sales Discounts 2,000 Sales return and allowances 3,000 Net Sales 95,000 Cost of Goods Sold (F) Gross Profit 42,000 Operating Expenses (G) Income from Operations 19,000 Other gains and revenues 7,000 Other expenses and losses (H) Net Income $11,000Step by Step Solution
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