Solved: Operating expense were 224800 and interest expense was, Accounting Basics

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Operating expense were 224800 and interest expense was

Question - Matt Cruz Co. HAD NET SALES OF $922,100 and cost of goods sold of $590,200. Operating expense were $224,800, and interest expense was $14,700. Cruz prepares a multi-step income statement.

Gross Profit =

Gross profit rate =

Income from operations=

Net Income =

Net Income in Cruz's single step income statement =

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Accounting Basics: Operating expense were 224800 and interest expense was

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Accounting Basics: Operating expense were 224800 and interest expense was

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