he following financial information is presented for three different companies. Determine the missing amounts.     Cullumber Cosmetics   Riverbed Grocery   Marin Wholesalers Sales revenue   $90,500     $enter a dollar amount  (e)   $125,800   Sales returns and allowances   enter a dollar amount (a)   5,810     12,600   Net sales   86,100     97,000     enter a dollar amount (i) Cost of goods sold   56,200     enter a dollar amount (f)   enter a dollar amount (j) Gross profit   enter a dollar amount (b)   40,800     25,100   Operating expenses   19,800     enter a dollar amount (g)   18,100   Income from operations   enter a dollar amount (c)   enter a dollar amount (h)   enter a dollar amount (k) Other expenses and losses   3,300     7,400     enter a dollar amount (l) Net income   enter a dollar amount (d)   11,600     4,100

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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The following financial information is presented for three different companies.

Determine the missing amounts.

   

Cullumber Cosmetics

 

Riverbed Grocery

 

Marin Wholesalers

Sales revenue

 

$90,500

   

$enter a dollar amount 

(e)

 

$125,800

 

Sales returns and allowances

 

enter a dollar amount

(a)

 

5,810

   

12,600

 

Net sales

 

86,100

   

97,000

   

enter a dollar amount

(i)

Cost of goods sold

 

56,200

   

enter a dollar amount

(f)

 

enter a dollar amount

(j)

Gross profit

 

enter a dollar amount

(b)

 

40,800

   

25,100

 

Operating expenses

 

19,800

   

enter a dollar amount

(g)

 

18,100

 

Income from operations

 

enter a dollar amount

(c)

 

enter a dollar amount

(h)

 

enter a dollar amount

(k)

Other expenses and losses

 

3,300

   

7,400

   

enter a dollar amount

(l)

Net income

 

enter a dollar amount

(d)

 

11,600

   

4,100

 

 

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