From the following information, calculate Net Profit (Loss) Sales RO 40520 Cost of the goods sold RO 21400 Salaries Expense RO. 18000 Electricity Expense RO. 1900 Depreciation Expense RO. 2200 Bank RO. 9100 Computer RO 6700 Dividend income RO 970 Select one: O a. RO (2010) O b. RO (19120) O. RO (17090) O d. RO 2010

From the following information, calculate Net Profit (Loss) Sales RO 40520 Cost of the goods sold RO 21400 Salaries Expense RO. 18000 Electricity Expense RO. 1900 Depreciation Expense RO. 2200 Bank RO. 9100 Computer RO 6700 Dividend income RO 970 Select one: O a. RO (2010) O b. RO (19120) O. RO (17090) O d. RO 2010

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter6: Deductions And Losses: In General

Section: Chapter Questions

Problem 44P

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Please, prepare one step income statement. What is net income? Sales revenues 185 000 Cost of goods sold 75 000 Commission expense 8000 Office supplies expense 3500 Interest revenues 7000 Office equipment expense 2500 Advertising expense 4500 Interest expense 650 Loss from lawsuit 2500 Gain on sales of assets ? Additional information: a) Company sells old asset for 15 000 euro. Over the years, the cost of the asset was depreciated on the company's accounting records (10 500) euro.)
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Use the following information to answer this question. Windswept, Incorporated 2022 Income Statement (in millions) Net sales $ 9,600 Cost of goods sold 7,810 Depreciation 470 Earnings before interest and taxes $ 1,320 Interest paid 106 Taxable income $ 1,214 Taxes 425 Net income $ 789 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) 2021 2022 2021 2022 Cash $ 240 $ 270 Accounts payable $ 1,410 $ 1,410 Accounts receivable 1,020 920 Long-term debt 1,110 1,310 Inventory 1,840 1,710 Common stock 3,360 3,280 Total $ 3,100 $ 2,900 Retained earnings 650 900 Net fixed assets 3,430 4,000 Total assets $ 6,530 $ 6,900 Total liabilities & equity $ 6,530 $ 6,900 What is the quick ratio for 2022?
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