Financial information for two different companies


Presented below is financial information for two different companies.

Compute the missing amounts.

   

Shabbona Company

 

Jenkins Company

Sales revenue

 

95,970

   

 


 (d)

Sales returns and allowances

 

 


 (a)

 

5,420

 

Net sales

 

88,660

   

90,810

 

Cost of goods sold

 

58,450

   

 


 (e)

Gross profit

 

 


 (b)

 

38,090

 

Operating expenses

 

15,530

   

26,170

 

Net income

 

 


 (c)

 

11,920

 

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Accounting Basics: Financial information for two different companies
Reference No:- TGS0510860

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