| Sales: |
|
|
$ |
- |
| Less |
| Discounts Allowed: |
|
$ |
- |
Sales Returns and
Allowance: |
|
$ |
- |
| Bad Debt Expense: |
|
$ |
- |
| Equals Net Sales: |
|
|
$ |
- |
| Less Cost of Goods Sold |
| Opening Stock: |
|
$ |
- |
| Purchases of Stock: |
$ |
- |
|
| plus Freight on Purchases: |
$ |
- |
|
| less Discount Received: |
$ |
- |
|
| Net Purchases: |
|
$ |
- |
| Available Stock: |
|
$ |
- |
| less Closing Stock: |
|
$ |
- |
| equals Cost of Goods Sold: |
|
|
$ |
- |
| Gross Profit: |
|
|
$ |
0 |
| |
| Important Ratios |
| Gross Profit Percent: |
|
|
% |
| Stock Turnover: |
|
- |
Times |