Complete the Following Data Taken from the Condensed Income Statements

question 156

Essay

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

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Definitions:

Cash Operating Costs

Expenses associated with the day-to-day operations of a business that are paid out in cash.

Tax Rate

The percentage at which an individual or corporation is taxed by a government entity.

Managerial Decision

The process of making choices by setting goals, gathering information, and assessing alternative occupations.

NPV

Net Present Value is a financial metric used to evaluate the profitability of an investment, calculating the difference between the present value of cash inflows and outflows over a period of time.