Selected income statement items are shown for Astrotech Company. Compute the missing amounts for each of the

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Selected income statement items are shown for Astrotech Company. Compute the missing amounts for each of the four years. What basic accounting equation did you apply in making your calculations?

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Accounting Texts and Cases

ISBN: 978-1259097126

13th edition

Authors: Robert Anthony, David Hawkins, Kenneth Merchant

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Question Posted: Apr 29, 2016 12:19 PM

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Selected income statement items are shown for Astrotech Company. Compute the missing amounts for each of the

Question:

Year 2 S? 2,992 8,976 6,429 Y ear Y ear Year 4 Sales Cost of goods sold Gross margin Other expenses Profit before taxes Tax expense Net income $12,011 S11,545 $10,000 3.011 8,659 6.201 2,799 2,363 945 S 1.418 1,019 S1,679 $1,528

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