Use the following information to construct an income statement: Cost of goods sold...............................................$684,000 Gross profit...........................................................$546,000 General and
Question:
Use the following information to construct an income statement:
Cost of goods sold...............................................$684,000
Gross profit...........................................................$546,000
General and administrative expense................$159,000
Selling and marketing expense..........................$134,000
Operating income................................................$228,000
Income before taxes..............................................$87,000
Income tax rate.............................................................27%
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Related Book For
Introduction to Finance Markets, Investments and Financial Management
ISBN: 978-1119398288
16th edition
Authors: Ronald W. Melicher, Edgar A. Norton
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