Sales Performance Analysis - Vista Corporation Item Sales Revenue Amount $720,000 Sales Returns and Allowances $20,000 Cost of Goods Sold $420,000 Operating Expenses $160,000 Calculate the following: a) Net sales b) Gross profit c) Income from operations d) Gross profit rate

Sales Performance Analysis - Vista Corporation Item Sales Revenue Amount $720,000 Sales Returns and Allowances $20,000 Cost of Goods Sold $420,000 Operating Expenses $160,000 Calculate the following: a) Net sales b) Gross profit c) Income from operations d) Gross profit rate

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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Sales Performance Analysis - Vista Corporation
Item
Sales Revenue
Amount
$720,000
Sales Returns and Allowances $20,000
Cost of Goods Sold
$420,000
Operating Expenses
$160,000
Calculate the following:
a) Net sales
b) Gross profit
c) Income from operations
d) Gross profit rate

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