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View Full Version : What is the missing amount on the income statement sales 71,200 108,000


missvalue
Jul 3, 2012, 11:32 PM
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 $46,200 (f)$

paraclete
Jul 4, 2012, 03:50 AM
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