B-05.11 Worksheet

B-05.11 Worksheet - SG&A Income before taxes...

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Name: Date: Section: B-05.11 Morton Corporation Sales returns rate: Gross profit margin Net profit margin Skyline Corporation Sales returns rate: Gross profit margin Net profit margin Morton Skyline 10% increase in net sales Net sales ($926,958 X 110%) Cost of goods sold Gross profit (net sales X gross profit margin)
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Unformatted text preview: SG&A Income before taxes Income tax expense (25%) Net income 10% decrease in net sales Net sales ($926,958 X 90%) Cost of goods sold Gross profit (net sales X gross profit margin) SG&A Income before taxes Income tax expense (25%) Net income...
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