Rizzuto Company supplied the following information for the month of January.
Required: Reconstruct Rizzuto's Income Statement for January assuming that the total sales revenue for the month equalled $500,000.
$$\begin{array} { l r }
\text { Cost of goods sold percentage } & 62 \% \
\text { Selling expense percentage } & 6 \% \
\text { Administrative expense } & 13 \%
\end{array}$$

Question

Rizzuto Company supplied the following information for the month of January.
Required: Reconstruct Rizzuto's Income Statement for January assuming that the total sales revenue for the month equalled $500,000.
 $$\begin{array} { l r } 
\text { Cost of goods sold percentage } & 62 \% \
\text { Selling expense percentage } & 6 \% \
\text { Administrative expense } & 13 \%
\end{array}$$

Quizplus · Accepted Answer

The Answer of Rizzuto Company supplied the following information for the month of January.
Required: Reconstruct Rizzuto's Income Statement for January assuming that the total sales revenue for the month equalled $500,000.
 $$\begin{array} { l r } 
\text { Cost of goods sold percentage } & 62 \% \
\text { Selling expense percentage } & 6 \% \
\text { Administrative expense } & 13 \%
\end{array}$$

Rizzuto Company Supplied the Following Information for the Month of January