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Compute the net sales for each year.

05 / 03 / 2018 Assignment

This paper circulates around the core theme of Compute the net sales for each year. together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 45. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.

The following
information was taken from the financial statements of Lawson Company:

2015 2014

Gross profit on sales…………………………………………………….. $900,000 $840,000

Income before income taxes…………………………………………. 280,000 230,000

Net income…………………………………………………………………. 240,000 216,000

Net income as a percentage of net
sales………………………… 8% 9%

Instructions

(a) Compute the net sales for each year.

(b) Compute the cost of goods sold in dollars
and as a percentage of net sales for each year.

(c) Compute operating expenses in dollars and as
a percentage of net sales for each year. (Income taxes are not operating
expenses).


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