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Can you Help me figure out the formulas and numbers if you can (provide working notes) I need help with COGS Available and COGS Purchased and then COGS itself, Income before tax. Sales Adjustments and Net Sales

Can you Help me figure out the formulas and numbers if you can (provide working notes) I need help with COGS Available and COGS Purchased and then COGS itself, Income before tax. Sales Adjustments and Net Sales

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Particulars Net Purchases Inventory, 12/31/23 Other: Rev/Exp/Gain/Loss (+/-) Tax Total Dividends -Common -Preferred Purchases Adjustments as a % of Purchases Cost of Goods Available Inventory, 1/1/23 Gross Profit Tax Rate Sales Adjustments Common Stock Dividends Retained Earnings, 1/1/23 Weighted Average Common Shares Outstanding Inventory, 1/1/23 Purchases Less: Purchases Adjustments Net Purchases Add: COGPurchased COGAvailable Less: Freight-In COGS Inventory, 12/31/23 Retained Earnings, 1/1/23 Add: Net Income Retained Earnings Statement Grand Slam, Inc For The Year Ended 2023 Less: Common Dividends Preffered Dividends Retained Earnings, 12/31/23 $4,000,000.00 Show Transcribed Text $600,000.00 $3,400,000 $2,700,000 A $3,400,000 $2,700,000 $300000 $800,000 $650,000 15% 175% 40% 62.50% 20% 62.50% 775000 Sales Less: Sales Adjustments Net Sales COGS Gross Profit Tax Net Income B EPS: 200% Operating Expenses. Operating Income Other: Rev/Exp/Gain/Loss Income Before Tax 2.50% ($300,000) $800,000 Can you Help me figure out the formulas and numbers if you can (provide working notes) I need help with COGS Available and COGS Purchased and then COGS itself, Income before tax. Sales Adjustments and Net Sales
Transcribed Image Text:Particulars Net Purchases Inventory, 12/31/23 Other: Rev/Exp/Gain/Loss (+/-) Tax Total Dividends -Common -Preferred Purchases Adjustments as a % of Purchases Cost of Goods Available Inventory, 1/1/23 Gross Profit Tax Rate Sales Adjustments Common Stock Dividends Retained Earnings, 1/1/23 Weighted Average Common Shares Outstanding Inventory, 1/1/23 Purchases Less: Purchases Adjustments Net Purchases Add: COGPurchased COGAvailable Less: Freight-In COGS Inventory, 12/31/23 Retained Earnings, 1/1/23 Add: Net Income Retained Earnings Statement Grand Slam, Inc For The Year Ended 2023 Less: Common Dividends Preffered Dividends Retained Earnings, 12/31/23 $4,000,000.00 Show Transcribed Text $600,000.00 $3,400,000 $2,700,000 A $3,400,000 $2,700,000 $300000 $800,000 $650,000 15% 175% 40% 62.50% 20% 62.50% 775000 Sales Less: Sales Adjustments Net Sales COGS Gross Profit Tax Net Income B EPS: 200% Operating Expenses. Operating Income Other: Rev/Exp/Gain/Loss Income Before Tax 2.50% ($300,000) $800,000 Can you Help me figure out the formulas and numbers if you can (provide working notes) I need help with COGS Available and COGS Purchased and then COGS itself, Income before tax. Sales Adjustments and Net Sales
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