Exercise 3-25 (Part Level Submission)
The following is Sandhill Company’s income statement for the past year.
Sales revenue | $710,000 | |
Cost of goods sold | 426,000 | |
Gross margin | 284,000 | |
Operating expenses | 100,000 | |
Operating income | $184,000 |
The following is Sandhill Company’s income statement for the past year.
Sales revenue | $710,000 | |
Cost of goods sold | 426,000 | |
Gross margin | 284,000 | |
Operating expenses | 100,000 | |
Operating income | $184,000 |