Reference no: EM131260984
On 2014 December 31, Lidowski Company, the accounting records showed:
• Net sales…$105,000
• Gross profit...$57,000
• Net income…$21,000
• Income tax expense...$9,000
• Selling, general, and administrative expenses… $6,500
Compute Company’s cost of goods sold, income from operations, income before taxes, and interest expense.
Net sales… $105,000
Cost of goods sold…$
Gross profit...$
Selling, general, and administrative expenses…$
Income from operations…$
Interest expense…$
Income before taxes…$
Income taxes… $
Net income… $
Required: • Calculate cost of goods sold, income from operations, income before taxes, and interest expense.
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: On 2014 December 31, Lidowski Company, the accounting records showed: Compute Company’s cost of goods sold, income from operations, income before taxes, and interest expense. Calculate cost of goods sold, income from operations, income before taxes, ..
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