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please I need a break down too on how to get profit before income tax. Show Attempt History Current Attempt in Progress The following information
please I need a break down too on how to get profit before income tax.
Show Attempt History Current Attempt in Progress The following information was taken from Riddell Ltd's adjusted trial balance as at April 30, 2020: Sales revenue Interest revenue Utilities expense Insurance expense Cost of goods sold Distribution expenses Administration expenses Depreciation expense Interest expense Income tax expense Dividends declared-Common shares Dividends declared-Preferred shares $1,075,300 6,300 23,000 6,100 397,861 254.139 95.000 88,000 17,700 57,600 16.900 21,900 Your answer is correct. Prepare a single-step statement of income for the year ended April 30, 2020. Riddell Ltd. Statement of Income For the Year Ended April 30, 2020 Revenues $ 1.075,300 Sales Revenue 6,300 Interest Revenue 1.081.600 Total Revenues V Expenses 397.861 i Cost of Goods Sold 254 139 Distribution Expenses 95.000 i Administration Expenses 88.000 Depreciation Expense Question 2 of 5 17.64 e Textbook and Media List of Accounts Your answer is correct. Determine Riddell's gross margin percentage for the year. (Round answer to 1 decimal place, e.g. 52.7%.) Gross profit margin 63.0 96 e Textbook and Media List of Accounts X Your answer is incorrect. If Riddell had 32,080 common shares outstanding throughout the year, determine the company's basic earnings per share. (Round answer to 2 decimal places, e.g. 52.75.) $ 1.81 Basic earnings per share e Textbook and Media Solution List of AccountsStep by Step Solution
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