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need to find profit margin and gross profit rat percentages ...

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Accounting

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CALCULATOR CES Exercise 5-8 In its income statement for the year ended December 31, 2017, Sheridan Company reported the following conden Salaries and wages expenses Cost of goods sold Interest expense Interest revenue Depreciation expense $627,750 1,332,450 Loss on disposal of plant assets Sales revenue Income tax expense Sales discounts 112,725 2,983,500 33,750 216,000 148,500 95,850 87,750 418,500 Utilities expense Your answer is partially correct. Try again. Prepare a multiple-step income statement. (List other revenues before other expenses.) SHERIDAN COMPANY Income Statement For the Year Ended December 31, 2017 Sales Sales Revenue 2983500 Less | |Sales Discounts 216000 Net Sales 2767500 Cost of Goods Sold 1332450 Gross Profit 1435050 Operating Expenses 627750

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