The auditor has asked you to prepare additional information about Dollin Corporation's results for the last year, Use the data shown on the income statement in your computations.
1. Compute the operating expenses for Delfin Corporation.
2. Compute the gross profit for Dolfin Corporation,
3. Compute the operating income for Dotfin Corporation.
Homework Answers
| 1 | |
| Selling expenses | 41384 |
| Administrative expenses | 35017 |
| Operating expenses | 76401 |
| 2 | |
| Sales | 318340 |
| Less: Cost of goods sold | 216471 |
| Gross profit | 101869 |
| 3 | |
| Gross profit | 101869 |
| Less: Operating expenses | 76401 |
| Operating income | 25468 |
| Alternatively Cost of goods sold can be included in Operating expenses and answer for (a) will be 292872 |
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The auditor has asked you to prepare additional information about Dollin Corporation's results for the last year
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