Haidar Co.'s trial balance at December 31, 2010, included the following account balances:

Required:
a. Calculate Haidar’s gross profit for 2010.
b. Calculate Haidar’s gross profit percentage for 2010.
c. Calculate Haidar’s net income for 2010.

Question

Haidar Co.'s trial balance at December 31, 2010, included the following account balances:
 
Required:
	a.	Calculate Haidar’s gross profit for 2010.
	b.	Calculate Haidar’s gross profit percentage for 2010.
	c.	Calculate Haidar’s net income for 2010.

Quizplus · Accepted Answer

The Answer of Haidar Co.'s trial balance at December 31, 2010, included the following account balances:
 
Required:
	a.	Calculate Haidar’s gross profit for 2010.
	b.	Calculate Haidar’s gross profit percentage for 2010.
	c.	Calculate Haidar’s net income for 2010.

Haidar Co'S Trial Balance at December 31, 2010, Included the Following