Financial information follows for four different companies: Apple Inc. Banana Corp. Cherry Ltd. Dragon Fruit Ltd. Sales Revenue $102,000 (c)<="" td="" style="box-sizing: inherit;"> $144,000 $122,000 Sales Returns and Allowances (a) $8,000 12,000 9,000 Net Sales Revenue 74,000 110,000 132,000 (g) Beginning Inventory 23,000 (d) 40,000 24,000 Purchases 60,000 105,000 (e) 99,000 Returns and Allowances 6,000 10,000 8,000 (h) Ending Inventory (b) 48,000 30,000 28,000 Cost of Goods Sold 64,000 82,000 (f) 72,000 Gross Profit 10,000 29,000 18,000 (i) Required Determine the missing amounts for parts (a) to (i) in the table. Show all calculations after that.

Financial information follows for four different companies: Apple Inc. Banana Corp. Cherry Ltd. Dragon Fruit Ltd. Sales Revenue $102,000 (c)<="" td="" style="box-sizing: inherit;"> $144,000 $122,000 Sales Returns and Allowances (a) $8,000 12,000 9,000 Net Sales Revenue 74,000 110,000 132,000 (g) Beginning Inventory 23,000 (d) 40,000 24,000 Purchases 60,000 105,000 (e) 99,000 Returns and Allowances 6,000 10,000 8,000 (h) Ending Inventory (b) 48,000 30,000 28,000 Cost of Goods Sold 64,000 82,000 (f) 72,000 Gross Profit 10,000 29,000 18,000 (i) Required Determine the missing amounts for parts (a) to (i) in the table. Show all calculations after that.

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.4.4P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

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	Apple Inc.	Banana Corp.	Cherry Ltd.	Dragon Fruit Ltd.
Sales Revenue	$102,000	(c)<="" td="" style="box-sizing: inherit;">	$144,000	$122,000
Sales Returns and Allowances	(a)	$8,000	12,000	9,000
Net Sales Revenue	74,000	110,000	132,000	(g)
Beginning Inventory	23,000	(d)	40,000	24,000
Purchases	60,000	105,000	(e)	99,000
Returns and Allowances	6,000	10,000	8,000	(h)
Ending Inventory	(b)	48,000	30,000	28,000
Cost of Goods Sold	64,000	82,000	(f)	72,000
Gross Profit	10,000	29,000	18,000	(i)