Retailing 8th Edition by Patrick Dunne,Robert Lusch, James Carver

Exercise 11

What are the differences among and the uses of these three accounting statements-income statement, balance sheet, and statement of cash flow
A sporting goods store with sales for the year of $400,000 and other income of $32,000 has operating expenses of $123,000. Its cost of goods sold is $207,000. What are its gross margin, operating profit, and net profit in dollars