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Calculating Income statement components H 3 4 Grpsss Profit margin: Gr Net Sales - Cost...

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Calculating Income statement components H 3 4 Grpsss Profit margin: Gr Net Sales - Cost Sales Sales Discounts Sales returns and Allowances * Net Sales 9 Cost of Goods Sold 10 Gross profit from sales 1 Selling expenses 12 Administrative expenses 1a Total operating expenses 14 Profit (Loss) 1s Gross profit ratio 16 Company A Company B 2020 2019 2020 2019 263,000 187,000 48,500 2,630 1,350 1,200 570 51,570 16,700 6,200 ? 208,800 168,950 106800 45,500 157,100 106,450 57,700 ? 51.700 62,500 49,100 22,100 18,620 19,700 25,700 2 26,300 27,700 30,400 9,700 44,920 47,400 56,100 ? 6,780 15.100 (7,000) 2.700 24.70% 36.99% ? 2 17 Ex 1(a) & (6) Enter EX 6 Ex. 7 Ex. 10 Ex. 11(a) 3 Type here to search Ex. 14 Ex. 18 EX 19 EX, 21 ar

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