Answered: Harbor Retail Inc. had operating…

Harbor Retail Inc. had operating expenses (excluding cost of goods sold) of $310,000. Determine Sales (Revenue) and Gross Profit given that COGS was $135,000 and Net Income was $195,000.

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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Give true answer this general accounting question

Harbor Retail Inc. had operating
expenses
(excluding cost of goods sold) of $310,000.
Determine Sales (Revenue) and Gross Profit given
that COGS was $135,000 and Net Income was
$195,000.

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