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Prepare healthy hair income statement for the year

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Question - Healthy Hair is a retail chain specializing in salon-quality hair care products. During the year, Healthy Hair had sales of $38,380,000. The company began the year with $2,985,000 of merchandise inventory and ended the year with $3,785,000 of inventory. During the year Healthy Hair purchase $23,540,000 of merchandise inventory. The company's selling, general and administrative expenses totalled $6,125,000 for the year. Prepare Healthy Hair' income statement for the year.

Reference no: EM133122836

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