Analize this Income statement Year Ended July 31 (in 000's, except for per share data) 2023 2022
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Analize this Income statement
Year Ended July 31 (in 000's, except for per share data) | 2023 | 2022 |
Sales (Note 2) | $46,751 | $53,884 |
Costs and expenses | ||
Cost of sales | 35,746 | 41,788 |
Depreciation | 3,918 | 3,370 |
39,664 | 45,158 | |
Gross profit | 7,087 | 8,726 |
Selling and administrative (Note 13) | 5,831 | 6,399 |
Income before the following items | 1,256 | 2,327 |
Foreign exchange gain | -62 | -325 |
Other income | -108 | -346 |
Loss on sale of capital assets | 65 | 35 |
Interest on long-term debt and leases | 462 | 382 |
Interest income, net | -238 | -28 |
119 | -282 | |
Income before income taxes | 1,137 | 2,609 |
Income tax provision (Note 4) | ||
Deferred (recovery) expense (Note 4) | -185 | 488 |
-185 | 488 | |
Net income and comprehensive income | $1,322 | $2,121 |
Earnings per common share (Note 11) Basic | ||
$0.23 | $0.36 | |
Diluted | 0.22 | $0.35 |
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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