The following information is available for Sheldon Leonard Company: $\begin{array}{lr}
\text { Operating expenses } & \$ 85,000 \
\text { Cost of goods sold } & 200,000 \
\text { Sales revenue } & 325,000 \
\text { Sales returns and allowances } & 16,000
\end{array}$ Instructions
Compute each of the following:
(a) Net sales (b) Gross profit (c) Income from operations

Question

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The Answer of The following information is available for Sheldon Leonard Company: $\begin{array}{lr}
\text { Operating expenses } & \$ 85,000 \
\text { Cost of goods sold } & 200,000 \
\text { Sales revenue } & 325,000 \
\text { Sales returns and allowances } & 16,000
\end{array}$ Instructions
Compute each of the following:
(a) Net sales (b) Gross profit (c) Income from operations

The Following Information Is Available for Sheldon Leonard Company Instructions Compute Each of the Following: (A) Net Sales (B)

The Following Information Is Available for Sheldon Leonard Company Instructions
Compute Each of the Following:
(A) Net Sales (B)