Question
The following data were taken from the year-end records of Nomura Export Company: Statement of Earnings Items Sales revenue Cost of sales Gross profit
The following data were taken from the year-end records of Nomura Export Company: Statement of Earnings Items Sales revenue Cost of sales Gross profit Operating expenses Earnings before income taxes Year 1 Year 2 $ 233,000 68% 7 30% 32,250 58,000 Income tax expense (20%) Net earnings Earnings per share (10,000 shares 4.30 outstanding) Required: Fill in all of the missing amounts. (Round "Earnings per share" to 2 decimal places.) Statement of Earnings Items Year 1 Sales revenue 19 Year 2 233,000 Cost of sales Gross profit Operating expenses 32.250 Earnings before income taxes 58,000 Income tax expense (20%) Net earnings Earnings per share (10000 shares) 4.30
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M
5th Canadian edition
9781259105692, 978-1259103285
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