Solution-Calculate cost of goods sold

Calculate cost of goods sold

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Reference no: EM13912258

During the year, net sales were $125,000; gross profit was $50,000; net income was $20,000; income tax expense was $5,000; and selling, general, and administrative expenses were $22,000.

Required:

Calculate cost of goods sold, income from operations, income before taxes, and interest expense.

Reference no: EM13912258

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Calculate cost of goods sold : During the year, net sales were $125,000; gross profit was $50,000; net income was $20,000; income tax expense was $5,000; and selling, general, and administrative expenses were $22,000.

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Calculate cost of goods sold

Reference no: EM13912258

Reference no: EM13912258

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