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P6-3 understanding the statement of earnings based on the gross profit percentage the following data were taken from the year-end records of nomura export company

P6-3 understanding the statement of earnings based on the gross profit percentage the following data were taken from the year-end records of nomura export company image text in transcribed
P6-3 Understanding the Statement of Earnings Based on the Gross P The following data were taken from the year-end records of Nomura Export Company Required: Fill in all of the missing amounts. (Round "Earnings per share" to 2 decimal places.) A Statement of Earnings Items Gross sales revenue Sales returns and allowances Year 1 Year 2 163,000 $ 235,000 18,300 60% 30% 18,300 Net sales revenue Cost of sales Gross profit Operating expenses Earnings before income taxes Income tax expense (20%) Net earnings Earnings per share (12,000 shares outstanding) 20,300 2.43

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