To follow is the 2018 income statement of Panda's Imports, Inc. (Click the icon to view the income statement.) Read the requirements. 1. How much gross profit did Panda earn on the sale of its products in 2018? How much was income from continuing operations? How much net income did the company earn? (Use parentheses or a minus sign for losses.) Gross profit $ thousand Income from continuing operations $ thousand Net income $ thousand Enter any number in the edit fields and then click Check Answer. ? parts remaining Clear All Check Answer Data Table - x TO RI Panda's Imports, Inc. Consolidated Statement of Operations (Adapted) 1. od Year Ended (In thousands except per share amounts) 2018 2017 Ir $ Net sales 1,825,925 $ 1,806,424 N Operating costs and expenses: Cost of sales (including buying and store occupancy costs) Selling, general, and administrative expenses 1,121,890 1,045,380 549,450 55,762 526,350 48,950 Depreciation and amortization 1,727,102 1,620,680 Total operating costs and expenses Operating income (loss) Nonoperating income, and expenses: 98,823 185,744 Interest and investment income (2,625) 1,785 (2,750) 1,620 Interest expense Interest income, net (840) (1,130) Enl Print Done 2 Data Table TO - RI Interest and investment income (2,625) 1,785 (2,750) 1,620 Interest expense 1. od Interest income, net (840) (1,130) Income (loss) from continuing operations before income taxes 99,663 37,041 186,874 65,034 Ir Provision (benefit) for income taxes N $ 62,622 $ 121,840 Income (loss) from continuing operations Discontinued operations: 250 Income (loss) from discontinued operations (2,800) $ 62,872 $ Net income (loss) 119,040 $ 2.19 $ 42 Earnings (loss) per share from continuing operations: Basic $ 0.02 $ (0.06) Earnings (loss) per share from discontinued operations: Basic $ 2.17 $ 1.36 Earnings (loss) per share: Basic Enl Print Done 2 TOITTATTITY To follow is the 2018 income statement of Panda's Imports, Inc. (Click the icon to view the income statement.) Read the requirements. 1. How much gross profit did Panda earn on the sale of its products in 2018? How much was income from continuing operations? How puch notincomo did the companion2010naronthocesor minus sian for Icons Gross profit Requirements Income from con Net income 1. How much gross profit did Panda earn on the sale of its products in 2018? How much was income from continuing operations? How much net income did the company earn? 2. At the end of 2018, what dollar amount of income would most sophisticated investors use to predict Panda's Imports' net income for 2019 and beyond? Name this item, give its amount, and state your reason. Print Done Enter any number in the edit fields and then click Check Answer. ? parts remaining Clear All Check
