Given the following information, construct an income statement and determine if there was a profit or loss

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Given the following information, construct an income statement and determine if there was a profit or loss (Figures are in $000).
Sales …………………….......…$3,015,534
Cost of Goods Sold ………$2,020,954
Operating Expenses ………$ 193,628
Interest Expense ……....…….$ 15,188
Taxes ……………….......…....…..$ 67,807
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Retailing Management

ISBN: 978-0070893207

4th Canadian Edition

Authors: Michael Levy, Barton Weitz, Dea Watson

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