Presented below is financial information for two different companies. Alatorre Company Eduardo Company Sales revenue $90,000 (d) Sales returns and allowances (a) $ 5,000 Net sales 81,000 95,000 Cost...

Presented below is financial information for two different companies.

		Alatorre Company	Eduardo Company
Sales revenue		$90,000	(d)
Sales returns and allowances	(a)	$ 5,000
Net sales	81,000	95,000
Cost of goods sold	56,000	(e)
Gross profit	(b)	38,000
Operating expenses	15,000	23,000
Net income	(c)	15,000

Instructions

Compute the missing amounts.

Jun 02, 2022

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