Financial Information Is Presented Below for Two Different Companies Instructions
Determine the Missing Amounts

question 225

Essay

Financial information is presented below for two different companies. $\begin{array}{lrr}&\text { Gower } & \text { Martini Food } \\&\text { Drugs } & \text { and Liquor }\\\text { Sales revenue } & \$ 90,000 & \$(\mathrm{e}) \\\text { Sales returns and allowances } & (\mathrm{a}) & 3,000 \\\text { Net sales } & 86,000 & 95,000 \\\text { Cost of goods sold } & 56,000 & (\mathrm{f}) \\\text { Gross profit } & (\mathrm{b}) & 36,000 \\\text { Operating expenses } & 22,000 & (\mathrm{~g}) \\\text { Income from operations } & (\mathrm{c}) & (\mathrm{h}) \\\text { Other expenses and losses } & 4,000 & 7,000 \\\text { Net income } & \text { (d) } & 11,000\end{array}$ Instructions
Determine the missing amounts.

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Definitions:

Heart Disease

A range of conditions affecting the heart, including coronary artery disease, arrhythmias, and heart defects.

Abbreviation

A shortened form of a word or phrase, used to simplify communication while retaining the original meaning.

Abbreviation

A shortened form of a word or phrase used to represent the full term, often utilized to save space or for convenience.

Muscular Middle Layer

The middle layer of an organ or body part that consists of muscle tissue, such as the myocardium in the heart.