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dem82 [27]
3 years ago
8

Campus Stop, Inc., is a student co-op. Campus Stop uses a perpetual inventory system.

Business
1 answer:
Zanzabum3 years ago
8 0

Answer:

Campus Stop, Inc.

Partial Income Statement

Sales revenue                              $323,300

Sales returns                                    ($1,730)

Sales discounts and allowances <u>  ($2,270)</u>

Net sales                                       $319,300

Cost of goods sold                      <u>($172,870)</u>

Gross profit                                   $146,430

Gross profit margin = $146,430 / $319,300 = 45.86%

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