Century Pacific recorded its sales of P62,000,500; income tax of P1,880,000; operating expenses of P9,000,000; cost of goods sold of P37,200,000; and interest expense of P800,000, accumulated depreciation of P2,000,000. What are the firm's gross profit and net income? Show your solution and upload your answer.
Century Pacific recorded its sales of P62,000,500; income tax of P1,880,000; operating expenses of P9,000,000; cost of goods sold of P37,200,000; and interest expense of P800,000, accumulated depreciation of P2,000,000. What are the firm's gross profit and net income? Show your solution and upload your answer.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Transcribed Image Text:Century Pacific recorded its sales of P62,000,500; income tax of P1,880,000; operating expenses of
P9,000,000; cost of goods sold of P37,200,000; and interest expense of P800,000, accumulated
depreciation of P2,000,000. What are the firm's gross profit and net income?
Show your solution and upload your answer.
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