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Microsoft Corporation is preparing its budgeted income statement for the next fiscal year. The following information is available: Revenue $10,000,000 Cost of Goods Sold $3,000,000
Microsoft Corporation is preparing its budgeted income statement for the next fiscal year. The following information is available:
Revenue | $10,000,000 |
Cost of Goods Sold | $3,000,000 |
Gross Profit | |
Operating Expenses | $4,000,000 |
Depreciation | $1,000,000 |
Operating Income |
Calculate the missing values and the operating income.
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