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QUESTION
A financial analyst at SPJ Manufacturing Corporation has assembled the following data for the last fiscal year. All data is in millions (M). Gross sales $10M Returns and allowances $1M Cost of goods s
A financial analyst at SPJ Manufacturing Corporation has assembled the following data for the last fiscal year. All data is in millions (M).
Gross sales $10M
Returns and allowances $1M
Cost of goods sold $3M
Operating expenses $2M
Interest expenses $0.5M
Taxes $0.1M
Cash dividends $0.4M
Common stocks $1M
What is the net income or loss for the SPJ Manufacturing Corporation for this last fiscal year?
