Answer:
Condensed income statements
Company A B C
Sales $970 $895 $530
Cost of goods sold $570 $350 $205
Gross profit $400 $565 $325
Operating expenses $65 $50 $150
Net income $335 $515 $175
Explanation:
Company A B C
Net income $335 ? $175
Sales ? $895 $530
Gross profit $400 ? $325
Operating expenses ? $50 ?
Cost of goods sold $570 $350 ?
Condensed income statements
Company A B C
Sales $970 $895 $530
Less: Cost of goods sold $570 $350 $205
Gross profit $400 $565 $325
Less: Operating expenses $65 $50 $150
Net income $335 $515 $175
