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E5-9 (Algo) Preparing a Classified (Multiple-Step) Income Statement (Challenging) LO5-3 Salesware.com, Incorporated, is a leading provider of enterprise software, delivered through the cloud, with a
E5-9 (Algo) Preparing a Classified (Multiple-Step) Income Statement (Challenging) LO5-3 Salesware.com, Incorporated, is a leading provider of enterprise software, delivered through the cloud, with a focus on customer relationship management, or CRM. The Company helps its customers to connect with their customers through cloud, mobile, social, blockchain, voice, advanced analytics, and artificial intelligence ("Al") technologies. Presented below are the items adapted from its recent income statement for the year ended January 31 (in millions, except per share amounts). Net earnings per share was $0.19, an the weighted-average shares used in the computation were 847 million. Required: 1. Recognizing that Salesware has two sources of operating revenues, prepare a classified (multiple-step) income statement. 2. Which source of operating revenues produces the higher gross profit? Complete this question by entering your answers in the tabs below. Which source of operating revenues produces the higher gross profit
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