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Salesware.com, Incorporated, is a leading provider of enterprise software, delivered through the cloud, with a focus on customer relationship management, or CRM. The Company helps
Salesware.com, Incorporated, is a leading provider of enterprise software, delivered through the cloud, with a focus on customer relationship management, or CRM. The Company helps its customers to connect with their customers through cloud, mobile, social, blockchain, voice, advanced analytics, and artificial intelligence ("AI") technologies. Presented below are the items adapted from its recent income statement for the year ended January 31 (in millions, except per share amounts). Net earnings per share was $0.16, and the weighted-average shares used in the computation were 831 million. revenues Cost of subscription and support bok Cost of professional services and other Ant General and administrative expense ences Income tax expense Subscription and support revenues revenues $ 3,219 Professional services and other revenues 1,062 Other incone 1,706 Marketing and sales expense 599 Research and development expense 16,069 $1,080 267 7,932 2,768 Required: 1. Recognizing that Salesware has two sources of operating revenues, prepare a classified (multiple-step) income statement. 2. Which source of operating revenues produces the higher gross profit? Complete this question by entering your answers in the tabs below. Required 11 Required 2 Recognizing that Salesware has two sources of operating revenues, prepare a classified (multiple-step) income statement. Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10). SALESWARE.COM, INCORPORATED Consolidated Statement of Income (In millions, except per share amounts) es Total net revenue Cost of sales: Total cost of revenues Operating expenses: Total operating expenses Earnings per share $ 0 0 0 1. Recognizing that Salesware has two sources of operating revenues, prepare a classified (multiple-step) income statement. 2. Which source of operating revenues produces the higher gross profit? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Which source of operating revenues produces the higher gross profit? Source of operating revenue
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