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What is Grace Sales Corp Financial Statements about?

- Grace Sales Corporation reported total income of $634,500 for the month ended March 31, 20-2, which included $621,800 in gross profit and $12,700 in commission income. Total expenses for the period were $600,000 in selling expenses and $34,500 in operating expenses, resulting in net income of $34,500. - As of March 31, 20-2, Grace Sales Corporation had total assets of $3,370,500 including current assets of $1,070,500 and non-current assets of $2,300,000. Total liabilities were $216,000 and shareholders

Author

Joy Angelique Javier

Language

EN