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The following partial financial information ( in thousands of dollars ) is available for Thole, Incorporated: Corporate overhead costs at Thole are allocated to divisions
The following partial financial information in thousands of dollars is available for Thole, Incorporated:
Corporate overhead costs at Thole are allocated to divisions based on relative sales.
Required:
a Complete the income statements for both divisions and the corporation as a whole.
Note: Enter your answers in thousands. Enter all values as positive value. Round your answers to decimal place.
tableThds of Dolla,,,,Pacific,,Southern,,,Total,SalesCost of sales,,,BGross margin,,,,,,,Selling General and Admi,EAllocated corporate costs,Operating income,Tax expense @anAftertax income,$Gross margin percentage,
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