godschild86
Apr 10, 2008, 05:44 PM
I was wondering if I may get some assistants on the following problem,
Blue Nile Income Statement for 2005
Quarter 1 Quarter 2 Quarter 3
Net Sales $ 44,116 $43,826 ?
C.O.S 34,429 33,836 ?
Gross Profit 9,687 9,990 ?
Selling, general,
and administrative
expense 6,123 6,184 ?
Operating Income 3,564 3,806 ?
Then it states that for Q3 Net Sales would be 45,500 and C.O.S would not be unchanged from the prior quarter.
So far I have for Quarter 3:
Net Sales = $45,500
C.O.S = $33,836
Gross Profit = $11,664
May you explain to me how to get the expense and the income and format it into a income statement?
Thank You
Blue Nile Income Statement for 2005
Quarter 1 Quarter 2 Quarter 3
Net Sales $ 44,116 $43,826 ?
C.O.S 34,429 33,836 ?
Gross Profit 9,687 9,990 ?
Selling, general,
and administrative
expense 6,123 6,184 ?
Operating Income 3,564 3,806 ?
Then it states that for Q3 Net Sales would be 45,500 and C.O.S would not be unchanged from the prior quarter.
So far I have for Quarter 3:
Net Sales = $45,500
C.O.S = $33,836
Gross Profit = $11,664
May you explain to me how to get the expense and the income and format it into a income statement?
Thank You