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Presented below is financial information for two different companies.

16/11/2020 Client: arwaabdullah Deadline: 3 days

E3-15B (Missing Amounts) Presented below is financial information for two different companies.

Hirsch Company Ho Company

Sales $30,000 (d)

Sales returns (a) $ 1,600

Net sales 27,000 31,600

Cost of goods sold 18,600 (e)

Gross profit (b) 12,600

Operating expenses 5,000 7,600

Net income (c) 5,000

Instructions

Compute the missing amounts.

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