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Exercise 5-11 Calculating income statement components LO1,5 Calculate the missing amounts. (Loss amounts...

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Accounting

Exercise 5-11 Calculating income statement components LO1,5
Calculate the missing amounts. (Loss amounts should be indicated with a minus sign and input all other amounts as positive values. Do not round intermediate calculations. Round "Gross profit ratio" to 2 decimal places.)
\table[[,,,an,,,,m,any,,],[,,023,,2022,,2023,,,22,],[Sales,$,265,000,,189,000,,,,$,49,500,],[Sales discounts,,2,650,,,,1,100,,,590,],[Sales returns and allowances,,,,16,900,,6,400,,,,],[Net sales,,,,170,650,,,,,46,500,],[Cost of goods sold,,158,100,,,,57,900,,,,],[Gross profit from sales,,51,900,,,,49,300,,,22,700,],[Selling expenses,,18,820,,19,900,,25,900,,,,],[Administrative expenses,,26,500,,,,30,600,,,9,900,],[Total operating expenses,,,,47,800,,,,,,],[Profit (loss),,,,15,300,,,,,2,900,],[Gross profit ratio,,,,,%,,%,,,%
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