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Tableau Software provides business analytics software products, including Tableau Desktop, Tableau Server, and Tableau Online. It is considered a leader in the data analytics/business intelligence
Tableau Software provides business analytics software products, including Tableau Desktop, Tableau Server, and Tableau Online. It is considered a leader in the data analytics/business intelligence movement. However, Tableau doesn't just license its products for use by others. It also provides maintenance, support, training, and professional services to various customers. As a consequence, its income statement shows two sources of operating revenues (product licenses/maintenance and services) and two related costs of goods/services provided to customers. Presented below are the items adapted from its recent income statement for the year ended December 31 (in thousands, except per share amounts). Net earnings per share were minus $2.35, which would normally be noted as ($2.35), and the weighted average shares used in the computation was 78,869. Cost of licenses Cost of maintenance and services General and administrative expense Income tax expense License revenue Maintenance and services $ 13,534 $447,855 revenue 100,025 Other income 12,266 102,871 Sales and marketing expense 517,446 Research and development 6,861 334,148 expense 429, 204 Required: 1. Recognizing that Tableau 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 Required 1 | 2 Recognizing that Tableau has two sources of operating revenues, prepare a classified (multiple-step) income statement. (Enter all losses with a minus sign. Enter your answers in thousands. (i.e., 10,000 should be entered as 10).) Show less TALEAU SOFTWARE Consolidated Statement of Income (In thousands, except per share amounts) Net revenues: Total net revenue Cost of sales: Total cost of revenues Operating expenses: Total operating expenses Tableau Software provides business analytics software products, including Tableau Desktop, Tableau Server, and Tableau Online. It is considered a leader in the data analytics/business intelligence movement. However, Tableau doesn't just license its products for use by others. It also provides maintenance, support, training, and professional services to various customers. As a consequence, its income statement shows two sources of operating revenues (product licenses/maintenance and services) and two related costs of goods/services provided to customers. Presented below are the items adapted from its recent income statement for the year ended December 31 (in thousands, except per share amounts). Net earnings per share were minus $2.35, which would normally be noted as ($2.35), and the weighted average shares used in the computation was 78,869. Cost of licenses Cost of maintenance and services General and administrative expense Income tax expense License revenue Maintenance and services $ 13,534 $447,855 revenue 100,025 Other income 12,266 102,871 Sales and marketing expense 517,446 Research and development 6,861 334,148 expense 429, 204 Required: 1. Recognizing that Tableau 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 Required 1 | 2 Recognizing that Tableau has two sources of operating revenues, prepare a classified (multiple-step) income statement. (Enter all losses with a minus sign. Enter your answers in thousands. (i.e., 10,000 should be entered as 10).) Show less TALEAU SOFTWARE Consolidated Statement of Income (In thousands, except per share amounts) Net revenues: Total net revenue Cost of sales: Total cost of revenues Operating expenses: Total operating expenses
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