Argo Sales Corporation has in recent years maintained the following relationships among the data on its financial statements:
Gross profit margin 40%
Net profit margin 10%
Rate of selling...
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Type: Posts; User: Peaceofgod04
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Nov 30, 2007, 11:46 AM
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Urgent: due today: using ratios to prepare income stmt and balance sheet
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Nov 27, 2007, 02:38 PM
Question: Prepare a Balance Sheet and Income Statement
by Peaceofgod04- Answers
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Income Statement Sales ...
Income Statement
Sales $10,000
Less COGS (5,000)
Equals Gross profit $5,000
Less payroll expenses ... -
Nov 27, 2007, 11:35 AM
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ASAP HELP ON Income stmt and Balance Sheet
Argo Sales Corporation has in recent years maintained the following relationships among the data on its financial statements:
Gross profit margin 40%
Net profit margin 10%
Rate of selling...
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