presented below are the components in veast companys income

HBO NOW Weygandt, Accounting Principles, 12e ome Read, Study &Practice; NT Determine the 75.100 $20.100 511.800 (b) 5108 100 $70,100 522.600 (e) s 72/020 79 700 525.600 5 6 8

Solution

Sales revenue - cost of goods sold = gross profit gross profit - operating expense = net income (use the formula above to determine the missing figures. Figures are not very clear , incase I misread any , solve the question as per formula given above Sales COGS Gross operating net income revenue profit expense a) 75,100 5,000 70,100 58,300 11,800 b) 108,100 70,100 38,000 15,400 22,600 c) 151,700 72,000 79,700 39,600 40,100