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

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