Scuba Company had net income on the current year's income statement in the amount of $800,000,other expense in the amount of $400,000 and a gross profit ratio of 58%,what was the amount of net sales on the income statement?

Name: Scuba Company had net income on the current year's income statement in the amount of $800,000,other expense in the amount of $400,000 and a gross profit ratio of 58%,what was the amount of net sales on the income statement?
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Question

Quizplus · Accepted Answer

800,000+400,000 = 1,200,000/.58=2,068,965.50

Scuba Company Had Net Income on the Current Year's Income