Solution-Compute net income, Compute Net income (Record

Compute net income

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Various items from the Perril Company's Income statement for the year ending December 31, 2011 are listed below:

Interest expense = 86
Depreciation = 70
Taxes = 40
Dividends paid = 15
Beginning inventory = 107
Gross sales = 831
Materials purchases = 532
Operating expenses (excluding depreciation) = 233
Returns and allowances = 66
Ending inventory = 173

Compute Net income (Record your answer without a dollar sign, without commas, without spaces and if your answer is negative, put a minus sign (i.e., -) before your answer with no spaces between the minus sign and the number).

Reference no: EM13334006

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Compute net income

Reference no: EM13334006

Reference no: EM13334006

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