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Use the following information to prepare a Statement of Cash Flows for Diamond Clothes, Inc. Diamond Clothes, Inc. Income Statement (dollars in millions) Sales
Use the following information to prepare a Statement of Cash Flows for Diamond Clothes, Inc. Diamond Clothes, Inc. Income Statement (dollars in millions) Sales $3,638 Cost of Goods Sold 2469 Gross Margin 1169 Selling and Administrative 838 Expenses Depreciation Expense 103 Net Operating Income 228 Gain on Sales of Store 3 Income taxes 91 Net Income $140
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