The statement of income for DiTuri Manufacturing Inc. for the years 2022 to 2024 is presented below.
Question:
The statement of income for DiTuri Manufacturing Inc. for the years 2022 to 2024 is presented below.
Required
Calculate the missing amounts on the statement of income.
Transcribed Image Text:
Sales revenue Cost of goods sold Gross margin Operating expenses Store expenses DITURI MANUFACTURING INC. Statement of Income For the year ended October 31 (in thousands of dollars) 2024 $ ? 949 687 Administrative expenses Depreciation expense Operating income Investment income Financing expenses Earnings before income taxes Income tax expense Net earnings ? 131 110 283 10 24 269 ? $215 2023 $1,364 ? ? 136 109 98 270 ? 18 ? 52 $ 208 2022 $1,118 ? 448 112 89 ? 145 12 ? 142 28 $ ?
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2024 Sales Revenue Gross margin 687 COGS 949 1636 Store expenses Gross margin 687 Operating i...View the full answer
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Related Book For
Understanding Financial Accounting
ISBN: 9781119715474
3rd Canadian Edition
Authors: Christopher D. Burnley
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