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Income Statement - JR Wholesales, Inc. (000s omitted) 1. Develop the actual income statement for Years 2019 and 2020 with entries in the correct order
Income Statement - JR Wholesales, Inc. (000s omitted) 1. Develop the actual income statement for Years 2019 and 2020 with entries in the correct order and solve for the unknown values, also for both years, then answer the following questions, providing values for both years. 2. What is EBIT? 3. What is EBITDA? 4. What is the \% increase in total sales? 5. Gross Profit Margin? 6. Calculate the income statement items as a \% of total sales. What positive or negative trends can be identified and list no less than 3 questions you would like to ask the Chief Financial Officer (CFO)
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