Determine its net profit before taxes

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The Alamo Hardware Store is trying to determine its net profit before taxes. Use the following data to determine: Gross Margin, Operating Expenses, Operating Profit and finally Net Profit before taxes. Rent $36,000 Salaries $94,000 Purchases $400,000 Sales $586,000 Ending Inventory $163,000 Utilities $45,000 Beginning Inventory $148,000 Other Income $5,300

Reference no: EM13865243

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Determine its net profit before taxes : The Alamo Hardware Store is trying to determine its net profit before taxes. Use the following data to determine: Gross Margin, Operating Expenses, Operating Profit and finally Net Profit before taxes. Rent $36,000 Salaries $94,000 Purchases $400,000..

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