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what is the missing amount on the income statement sales 71,200 108,000

Asked Jul 3, 2012, 11:32 PM — 1 Answer
Presented here are the components in Pedersen Company's income statement. Determine the missing amounts.

Sales
Cost
of Goods Sold
Gross Profit
Operating Expenses
Net Income

$71,200 (b)$ $30,000 (d)$ $10,800
$108,000 $70,000 (c)$ (e)$ $29,500
(a)$ $71,900 $109,600 $46,200 (f)$

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paraclete Posts: 1,879, Reputation: 585
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Jul 4, 2012, 03:50 AM
Quote:
Originally Posted by missvalue View Post
Presented here are the components in Pedersen Company's income statement. Determine the missing amounts.

Sales
Cost
of Goods Sold
Gross Profit
Operating Expenses
Net Income

$71,200 (b)$ $30,000 (d)$ $10,800
$108,000 $70,000 (c)$ (e)$ $29,500
(a)$ $71,900 $109,600 $46,200 (f)$
candidly I'm not a mind reader
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