Question
Walmart Inc. is preparing its budgeted income statement for the next fiscal year. The following information is available: Revenue $25,000,000 Cost of Goods Sold $12,000,000
- Walmart Inc. is preparing its budgeted income statement for the next fiscal year. The following information is available:
Revenue | $25,000,000 |
Cost of Goods Sold | $12,000,000 |
Gross Profit | |
Operating Expenses | $8,000,000 |
Depreciation | $1,800,000 |
Operating Income |
Calculate the missing values and the operating income.
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Advanced Accounting
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
12th edition
133451860, 978-0133451863
