February 28, 2017

Homework Help: Accounting

Posted by NeedVerification on Saturday, October 22, 2011 at 2:06pm.

Sales Revenue: $71,200
Cost of Goods Sold: (a)
Gross Profit: $30,000
Operating Expenses: (b)
Net Income: $12,100

Find the missing amounts.

This is what I got:

a) $41,200
b) $17,900

I am pretty sure I am doing this right. But before I move on with my homework, I would like to know if I am on the right track. Thanks

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