Morris Foods has Net Sales of $97,000, Sales Returns and Allowances of $3,000, Gross Profit...
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Accounting
Morris Foods has Net Sales of $97,000, Sales Returns and Allowances of $3,000, Gross Profit of $36,000, Other Expenses and Losses of $7,000, and Net Income of $13,000.
a. What was the Sales Revenue?
b. What was the Cost of Goods Sold?
c. What were the Operating Expenses?
d. What was the Income from Operations?
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