Complete the following data taken from the condensed income statements for merchandising Companies X,Y,and Z.
$\begin{array}{|l|r|r|r|}
\hline & \text { Company } \mathrm{X} & \text { Company } \mathrm{Y} & \text { Company Z } \
\hline \text { Net income or net loss } & \$ 220 & \$ & ? 70 \
\hline \text { Sales } & ? & 1,315 & 890 \
\hline \text { Gross profit } & 435 & ? & 465 \
\hline \text { Operating expenses } & ? & 565 & ? \
\hline \text { Cost of merchandise sold } & 330 & 775 & ? \
\hline
\end{array}$

Question

Complete the following data taken from the condensed income statements for merchandising Companies X,Y,and Z.
 $\begin{array}{|l|r|r|r|}
\hline & \text { Company } \mathrm{X} & \text { Company } \mathrm{Y} & \text { Company Z } \
\hline \text { Net income or net loss } & \$ 220 & \$ & ? 70 \
\hline \text { Sales } & ? & 1,315 & 890 \
\hline \text { Gross profit } & 435 & ? & 465 \
\hline \text { Operating expenses } & ? & 565 & ? \
\hline \text { Cost of merchandise sold } & 330 & 775 & ? \
\hline
\end{array}$

Quizplus · Accepted Answer

The Answer of Complete the following data taken from the condensed income statements for merchandising Companies X,Y,and Z.
 $\begin{array}{|l|r|r|r|}
\hline & \text { Company } \mathrm{X} & \text { Company } \mathrm{Y} & \text { Company Z } \
\hline \text { Net income or net loss } & \$ 220 & \$ & ? 70 \
\hline \text { Sales } & ? & 1,315 & 890 \
\hline \text { Gross profit } & 435 & ? & 465 \
\hline \text { Operating expenses } & ? & 565 & ? \
\hline \text { Cost of merchandise sold } & 330 & 775 & ? \
\hline
\end{array}$

Complete the Following Data Taken from the Condensed Income Statements