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Wolverine World Wide Inc. prides itself as being the worlds leading marketer of U.S. branded non-athletic footwear. The following data (in millions) were taken from
Wolverine World Wide Inc. prides itself as being the worlds leading marketer of U.S. branded non-athletic footwear. The following data (in millions) were taken from its annual report for its 2012 fiscal year: |
| |||
Net Sales | $ | 1,640 |
|
Income Tax Expense |
| 10 |
|
Dividends |
| 20 |
|
Salaries and Wages Expense |
| 520 |
|
Cost of Goods Sold |
| 1,010 |
|
Interest Expense |
| 20 |
|
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Required: | |
1. | Prepare a multistep income statement. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) |
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