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Rock Top Tile & Marble Corporation reported the following comparative income statements for the years ended April 3 0 , 2 0 2 1 ,
Rock Top Tile & Marble Corporation reported the following comparative income statements for the years ended April and :
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Read the requirement.
Prepare the corrected comparative income statement for the year period.
Rock Top Tile & Marble Corporation
Income Statements Corrected
Years Ended April and
Sales revenue
Cost of goods sold:
Beginning inventory
Net purchases
Cost of goods available
Ending inventory
Cost of goods sold
Gross profit
Operating expenses
Net income
Requirement
Prepare the corrected comparative income statements for the twoyear period,
complete with a heading for the statements. How well did Rock Top really
perform in as compared with
Data table
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