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    Financial Accounting : Financial Tables

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    Determine the missing amounts.

    Presented below is a financial information for two different companies

    Amoruso Company Tamburri Company
    Sales $90,000 (d)
    Sales return (a) $5,000
    Net Sales 83,000 95,000
    Cost of goods sold 56,000 (e)
    Gross profit (b) 38,000
    Operating expenses 15,000 (f)
    Net Income (c ) 15,000

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    Solution Summary

    The missing amounts from financial tables are found. The solution is detailed and well presented.