Crane Department Store is located in midtown Metropolis. During the past several years, net income...
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Crane Department Store is located in midtown Metropolis. During the past several years, net income has been declining because suburban shopping centers have been attracting business away from city areas, At the end of the company's fiscal year on November 30, 2022, these accounts appeared in its adjusted trial balance. Instructions: Based on the tral balance above, calculate the following amounts: a) Net salns b) Gross Protit c) Total Operating Expenses di Net income a) forfing retained earnings Note: If you show your calculations (just the numbers, no need for account titles) partial credit may be given if the amount is incorrect and your calculations are provided
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