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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Related Book For
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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