Chen Company's financial information is presented below. $$\begin{array} { l r l r }
\text { Sales Revenue } &\$ \text { ???? } & \text { Cost of Goods Sold } & 510,000 \
\text { Sales Returns and Allowances } & 40,000 & \text { Gross Profit } & ? ? ? ? \
\text { Net Sales } & 850,000 & &
\end{array}$$ The missing amounts above are: $\begin{array}{lrr}
\underline{ \text { Sales Revenue } }& \underline{\text { Gross Profit
} }\
\end{array}$

Question

Chen Company's financial information is presented below. $$\begin{array} { l r l r } 
\text { Sales Revenue } &\$ \text { ???? } & \text { Cost of Goods Sold } & 510,000 \
\text { Sales Returns and Allowances } & 40,000 & \text { Gross Profit } & ? ? ? ? \
\text { Net Sales } & 850,000 & &
\end{array}$$ The missing amounts above are: $\begin{array}{lrr}
  \underline{ \text { Sales Revenue } }&  \underline{\text {  Gross Profit
 } }\
\end{array}$

Quizplus · Accepted Answer

The Answer of Chen Company's financial information is presented below. $$\begin{array} { l r l r } 
\text { Sales Revenue } &\$ \text { ???? } & \text { Cost of Goods Sold } & 510,000 \
\text { Sales Returns and Allowances } & 40,000 & \text { Gross Profit } & ? ? ? ? \
\text { Net Sales } & 850,000 & &
\end{array}$$ The missing amounts above are: $\begin{array}{lrr}
  \underline{ \text { Sales Revenue } }&  \underline{\text {  Gross Profit
 } }\
\end{array}$

Chen Company's Financial Information Is Presented Below The Missing Amounts Above Are