Answered: A company has net sales of $854,400 and…

A company has net sales of $854,400 and cost of goods sold of $564,200. Its net income is $102,800. Calculate the company's gross margin and operating expenses.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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Hi teacher please help me this question general accounting

A company has net sales of $854,400 and cost
of goods sold of $564,200. Its net income is
$102,800. Calculate the company's gross
margin and operating expenses.

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