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Retool overhauls farm machinery and ships to dealers on a

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Retool overhauls farm machinery and ships to dealers on a consignment basis. In 2006, Retool sends refurbished tractor to SEMO asking for $8000 and holding title. The cost of the tractor was $6500. SEMO sold the tractor in 2007 for $10,000.
Answer the following:

RETOOL SEMO
2006 2007 2006 2007
Revenue: ___ Revenue:
Gross Profit ___ Gross Profit

Reference no: EM13602553

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