The statement of income for DiTuri Manufacturing Inc. for the years 2018 to 2020 is presented below.
Question:
The statement of income for DiTuri Manufacturing Inc. for the years 2018 to 2020 is presented below.
Required
Calculate the missing amounts on the statement of income.
Transcribed Image Text:
DITURI MANUFACTURING INC. Statement of Income For the year ended October 31 (in thousands of dollars) 2020 2019 2018 $1,364 Sales Revenue $1,118 Cost of goods sold 949 ? Gross margin 687 448 Operating Expenses Store expenses ? 136 112 Administrative expenses 131 109 89 Depreciation ex pense 110 98 Operating income 283 270 145 Investment income 10 12 Financing expenses 24 18 142 Earnings before income taxes 269 Income tax expense ? 52 28 $ 208 Net earnings $215 ?
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2020 Sales Revenue Gross margin 687 COGS 949 1636 Store expenses Gross margin 687 Operating in...View the full answer
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Related Book For
Understanding Financial Accounting
ISBN: 9781119406921
2nd Canadian Edition
Authors: Christopher D. Burnley
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