Solution-Find the gross profit and net income for cedar

Find the gross profit and net income for cedar rapids auto

Reference no: EM131629230

Question: 1. Find the gross profit and net income for Cedar Rapids Auto for the year ending December 31, 2011, if the company had net sales of $5,385,920; cost of goods sold of $2,073,587; and operating expenses of $498,507.

2. Prepare an income statement for Cedar Rapids Auto for 2011.

Reference no: EM131629230

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Find the gross profit and net income for cedar rapids auto

Reference no: EM131629230

Reference no: EM131629230

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