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How do I solve for the ones highlighted in yellow? Fill in the missing values for the income statement below given the following information: Gross
How do I solve for the ones highlighted in yellow?
Fill in the missing values for the income statement below given the following information: Gross margin is 30% Manufacturing Overhead is 27% of Direct Materials Cost Tax rate is 30% Net Margin is 10% $ 45,000 15,625 4,219 Tesla, Inc Income Statement (10-2) Six Months Ended June 30, 2019 (in millions) Sales revenue Less: Cost of goods sold Direct materials $ Direct labor Manufacturing overhead $ Total cost of goods sold Gross profit Less: Operating expenses Research and Development General and administrative expenses Total operating expenses Earnings before interest and taxes Interest expense Income before income taxes Income tax expense NET INCOME (LOSS) $ 31,500 3,824 $ (500)Step by Step Solution
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