MEI13
Mar 3, 2013, 08:32 PM
Sales
Cost of goods sold $ 575,000
Gross profit $1,600,00
General and administrative expense $ 200,000
Selling and marketing expense
Depreciation $ 50,000
Operating income
Interest $ 100,000
Income before taxes
Income taxes (30%)
Cost of goods sold $ 575,000
Gross profit $1,600,00
General and administrative expense $ 200,000
Selling and marketing expense
Depreciation $ 50,000
Operating income
Interest $ 100,000
Income before taxes
Income taxes (30%)