Complete the Following Data Taken from the Condensed Income Statements

question 126

Essay

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

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Definitions:

Small U.S. Stocks

Refers to shares of smaller companies in the United States, typically characterized by a lower market capitalization.

Long-Term U.S. Treasury Bonds

Government bonds with maturities typically longer than 10 years, considered among the safest investment securities.

Market Risk Premium

The excess return that investors require for choosing to invest in the stock market over a risk-free asset.

Index Fund

A type of mutual fund or exchange-traded fund (ETF) designed to follow the returns of a specific market index.