The statement of income for Primitivo Winery Inc. for the years 2022 to 2024 is presented below.
Question:
The statement of income for Primitivo Winery Inc. for the years 2022 to 2024 is presented below.
Required
Calculate the missing amounts on the statement of income.
Transcribed Image Text:
Sales revenue Cost of goods sold Gross margin Operating expenses Insurance expense Utility expense Travel expenses Depreciation expense Operating income Rental income Interest expenses Earnings before income taxes Income tax expense Net earnings PRIMITIVO WINERY INC. Statement of Income For the year ended April 30 (in thousands of dollars) 2024 $ 2,000 1,200 ? GA 100 45 ? 50 506 350 ? 811 20 ? 2023 $1,654 ? ? 57 35 100 50 426 ? 60 591 ? $ 576 2022 $ ? 837 608 $ 45 15 105 50 ? 200 65 ? 14 ?
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2024 Gross Margin Sales Revenue 2000 COGS 1200 800 Travel Expenses Gross margin 800 Operating income ...View the full answer
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Related Book For
Understanding Financial Accounting
ISBN: 9781119715474
3rd Canadian Edition
Authors: Christopher D. Burnley
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