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Q1) The information for Baker Manufacturing is givn below:

Sales revenue $460,000
Cost of Goods Sold $300,000
Operating Expenses $85,000
Sales Discounts $20,000
Sales Returns & Allowances $15,000

Compute the following values:

Net Sales  
Gross Profit  
Net Income  

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  • Category:- Accounting Basics
  • Reference No.:- M921796

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