184. Discuss the following statement:“Operating cycles for all merchandising businesses are the same, with similar profit margins.” Include an example(s) to illustrate your explanation. 185....

184. Discuss the following statement:


“Operating cycles for all merchandising businesses are the same, with similar profit margins.”



Include an example(s) to illustrate your explanation.

185. Complete the following data taken from the condensed income statements for merchandising Companies A, B, & C.

Company ACompany BCompany C

Net income315?215

Sales?865560

Gross Profit430?325

Operating Expenses?125?

Cost of merchandise sold545320?