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Complete the Following Data Taken from the Condensed Income Statements

Question 203

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Complete the following data taken from the condensed income statements for merchandising companies: Action, Break, & Connors.  Action  Break  Connors  Net income 315?215 Sales ?865560 Gross profit 430?325 Operating expenses ?125? Cost of merchandise sold 545320?\begin{array} { | l | c | c | c | } \hline & \text { Action } & \text { Break } & \text { Connors } \\\hline \text { Net income } & 315 & ? & 215 \\\hline \text { Sales } & ? & 865 & 560 \\\hline \text { Gross profit } & 430 & ? & 325 \\\hline \text { Operating expenses } & ? & 125 & ? \\\hline \text { Cost of merchandise sold } & 545 & 320 & ? \\\hline\end{array}

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