Week 4 Chapter 5 Decision Case 1

Week 4 Chapter 5 Decision Case 1 - 3,700 44,100 Operating...

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POPPA ROLLO'S PIZZA Income Statement Year Ended December 31, 2011 Sales revenue $195,000 Less: Sales returns (10,700) Net sales revenue 184,300 Cost of goods sold 85,200 Gross profit 99,100 Operating Expenses: Salary Expense 35,600 Depreciation expense 4,800 Utilities expense
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Unformatted text preview: 3,700 44,100 Operating Income 55,000 Other revenues and (expenses) Gain on sale of land 24,600 Interest expense (6,000) 18,600 Net Income 73,600 Gross Profit % = Gross Profit Net Sales Revenue = 99,100 184,300 = 0.54 = 53.7%...
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This note was uploaded on 09/11/2011 for the course TERM 1 taught by Professor Smith during the Spring '11 term at FIT.

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Week 4 Chapter 5 Decision Case 1 - 3,700 44,100 Operating...

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