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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 . 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? TALEAU SOFTWARE Consolidated Statement of Income (In thousands, except per share amounts) Which source of operating revenues produces the higher gross profit
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