Suppose Quik Trip Stores' comparative income statement for two years included these items (dollars in thousands): _________________

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Suppose Quik Trip Stores' comparative income statement for two years included these items (dollars in thousands):

_________________      ____   ____________________2017                  2016

Net sales……………........………………………..……$7,200………..$6,800

Income from operations……………………………….49…………….65

Gain on sale of store facilities…………………………28……….……—

Income before income taxes………………………...$ 77…………..$ 65

Which was the better year for Quik Trip: 2017 or 2016? Explain.

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Horngrens Accounting

ISBN: 978-0133855371

10th Canadian edition Volume 1

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood

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