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Accounting

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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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M921796

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