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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
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 (in thousands of dollars) 2020 2019 2018 Sales Revenue $1,353 $1,127 Cost of goods sold Gross margin Operating Expenses 952 696 456 Store expenses Administrative expenses Depreciation expense 136 109 96 267 131 90 293 10 25 278 Operating income 153 Investment income 13 Financing expenses Earnings before income taxes Income tax expense Net earnings 19 152 51 30 $222 $205
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