Question
The statement of income for DiTuri Manufacturing Inc. for the years 2018 to 2020 is presented below. Calculate the missing amounts on the statement
The statement of income for DiTuri Manufacturing Inc. for the years 2018 to 2020 is presented below. Calculate the missing amounts on the statement of income. DITURI MANUFACTURING INC. Statement of Income For the Year Ended October 31 (in thousands of dollars) Sales Revenue Cost of goods sold Gross margin Operating Expenses S 2020 943 685 2019 $1,365 34 2018 $1,125 451 Operating Expenses Store expenses 134 112 Administrative expenses 129 107 89 Depreciation expense 110 99 Operating income 282 269 150 Investment income 11 12 Financing expenses 25 Earnings before income taxes 268 Income tax expense Net earnings Q 17 17 32 52 $214 $208 148 30 ENG 5:12 PM
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