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What is the answer to the statement of cash flows? The entire chart and all the answers Presented below are the 2016 income statement and
What is the answer to the statement of cash flows? The entire chart and all the answers
Presented below are the 2016 income statement and comparative balance sheets for Santana Industries SANTANA INDUSTRIES Income Statement For the Year Ended December 31, 2016 ($ in thousands) Sales revenue 15,850 Service revenue 5,000 20,850 Total revenue Operating expenses Cost of goods sold Selling General and administrative 8,000 3,200 2,300 13,500 Total operating expenses Operating income Interest expense 7,350 280 Income before income taxes Income tax expense 7,070 3,300 Net income $3,770Step by Step Solution
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