The following information is available for Sager Company: 
Instructions
Compute each of the following:
(a) Net sales
(b) Gross profit
(c) Income from operations
Definitions:
Good Title
Legitimate ownership of property free from legal encumbrances or claims.
Steals Bicycle
The act of unlawfully taking someone else's bicycle without permission with the intent to permanently deprive the owner of it.
FOB (Free On Board)
A term used in shipping agreements to indicate that the seller is responsible for goods until they are loaded on a transport vessel, after which the buyer assumes responsibility.
Delivery Ex-Ship
Delivery Ex-Ship (DES) is a term used in international trade that indicates the seller is responsible for delivering the goods to a designated port and the buyer is responsible for unloading.
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