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La Table Click the icon here in order to copy the contents of the data table below into preadsheet.) Accounts Depreciation expense General and administrative
La Table Click the icon here in order to copy the contents of the data table below into preadsheet.) Accounts Depreciation expense General and administrative expenses Sales Sales expenses Cost of goods sold Lease expense Interest expense ($000,000) 25.79 21.51 345.29 17.87 254.02 3.59 2.07 accounts. You are a summer intern at the office of a local tax preparer. To test your basic knowledge of financial statements, your managerves you the following lis a. Arrange the accounts into a well-labeled income statement. Make sure you tabel and solve for gross profits, operating profits, hd net profits before taxe b. Using a 35% tax rate, calculate taxes paid and not profits after taxes. C. Assuming a dividend of $1.06 per share with 4.21 million shares outstanding, calculato EPS and additions to retained earnings a. Complete the income statement, down to the net profits before taxes line, below: (Select the account names from the drop-down menus and round the a Name of Company Income Statement ($000,000) 1. $ 2. Gross profits Less: Operating expenses 3. 4. 5 6. $ Total operating expense Operating profits (EBIT) $ 7 $ Net profits before taxes
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