Question: 2. Prepare a corrected income statement for the current year in good form, inc Earnings per share to 2 decimal places. Round final answer to
2. Prepare a corrected income statement for the current year in good form, inc Earnings per share" to 2 decimal places. Round final answer to whole d JAY, INC. Income Statement For the Year Ended December 31 Operating Revenue: Rental revenue Operating Expenses: S 106,000 $ 26,550 13,200 8,300 3,200 22,200 1,300 Salaries and wages expense Maintenance expense Rent expense Gas and oil expense Depreciation expense Miscellaneous expenses Total expenses 74,750 Other Item: rsity 630 (630) 5,400 ax income kbo... an Sh.. 2018 ncome tax expense Earmings per share n School ch Co Cornell U.. od Industr 3. Compute the total asset turnover ratio based on the corrected information Assume the beg balance for total assets was $66,180 (Round your answer to 2 decimal places) 2. Prepare a corrected income statement for the current year in good form, inc Earnings per share" to 2 decimal places. Round final answer to whole d JAY, INC. Income Statement For the Year Ended December 31 Operating Revenue: Rental revenue Operating Expenses: S 106,000 $ 26,550 13,200 8,300 3,200 22,200 1,300 Salaries and wages expense Maintenance expense Rent expense Gas and oil expense Depreciation expense Miscellaneous expenses Total expenses 74,750 Other Item: rsity 630 (630) 5,400 ax income kbo... an Sh.. 2018 ncome tax expense Earmings per share n School ch Co Cornell U.. od Industr 3. Compute the total asset turnover ratio based on the corrected information Assume the beg balance for total assets was $66,180 (Round your answer to 2 decimal places)
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