Solution-Compute missing amounts in determining net income

Compute missing amounts in determining net income

Reference no: EM13527348

Presented below are the components in Gates Company"s income statement. Determine the missing amounts.

	Sales Revenue	Cost of Goods Sold	Gross Profit	Operating Expenses	Net Income
a	$75,000	?	$30,000	?	$10,800
b	$108,000	$70,000	?	?	$29,500
c	?	$83,900	$79,600	$39,500	?

Compute missing amounts in determining net income.

Reference no: EM13527348

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Compute missing amounts in determining net income

Reference no: EM13527348

Reference no: EM13527348

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