Question: 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
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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