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# \$ \$1,390.000 % 100.0% \$574,700 \$105,000 100 101 102 Net sales \$1,390,000 103 Gross margin \$574,700...

## Question

###### \$ \$1,390.000 % 100.0% \$574,700 \$105,000 100 101 102 Net sales \$1,390,000 103 Gross margin \$574,700...

\$ \$1,390.000 % 100.0% \$574,700 \$105,000 100 101 102 Net sales \$1,390,000 103 Gross margin \$574,700 104 Profit \$105,000 105 106 Net Sales Problem One 107 -COGS 108 =GM 109 -Expenses 110 =Profit/Loss 111 11.Skeletal Profit and Loss Statement: Set up skeletal profit and loss statement in both dollars and percentage 112 given the information. 113 Gross margin \$535,000 114 Gross margin 25% 115 Expenses \$625,000 116 117 Net Sales Problem Two 118 -COGS 119 =GM 120 -Expenses 121 =Profit/Loss 122 123 124 125 \$2,140,000 100.0% 25.0% \$535,000 \$625,000

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