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RODRIQUEZ COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMB

Assignment Help Finance RODRIQUEZ COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMB

Finance

RODRIQUEZ COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMB

RODRIQUEZ COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2012 RODRIQUEZ COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2012 RODRIQUEZ COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2012 RODRIQUEZ COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2012 RODRIQUEZ COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2012 Sales $6,967,200 … Show more RODRIQUEZ COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2012 RODRIQUEZ COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2012 RODRIQUEZ COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2012 RODRIQUEZ COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2012 RODRIQUEZ COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2012 Sales $6,967,200 Cost of goods sold Beginning inventory $1,893,400 Purchases 4,454,110 Goods available for sale 6,347,510 Ending inventory 1,608,780 Cost of goods sold 4,738,730 Gross profit 2,228,470 Operating expenses Selling expenses 447,470 Administrative expenses 703,380 1,150,850 Net income $1,077,620 Additional information: 1. Accounts receivable decreased $314,740 during the year. 2. Prepaid expenses increased $160,270 during the year. 3. Accounts payable to suppliers of merchandise decreased $280,320 during the year. 4. Accrued expenses payable decreased $126,330 during the year. 5. Administrative expenses include depreciation expense of $55,900. I just need help in solving the decreased amount or inventory • Show less

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