Question

The statement of income for Dituri Manufacturing Inc. for the years 2018 to 2020 is presented below. Calculate the missing amounts on the statement of income. DITURI MANUFACTURING INC. Statement of Income (in thousands of dollars) 2020 2019 2018 Sales Revenue $1,375 $1,110 Cost of goods sold 945 Gross margin 687 445 Operating Expenses Store expenses 137 112 Administrative expenses 110 Depreciation expense Operating income 282 145 13 Investment income Financing expenses 18 Earnings before income taxes 269 143 Income tax expense 54 Net earnings $215 $217 5

Answer 1

DITURI MANUFACTURING NC tademet In Come 2018 2020 20 11 Sales Revenue キ163a 1110 1375 cost of goods sold Gross margin OPevating ox penses exfe nses キ665 $q45 多687 628 $ 445 Stove 162 13 112 AdmiNserative 132 キ110 rpenges 88 pepreuiation expenses Oferating mcome Investment intome 事110 $91 キ100 $283 282- 145 $13 23 Financing expenses Eavwings befove iname taxes Inome tax epense 15 18 キ269 $271 143 21 451 54 F215 $217 Net earnings For calculatins see woreings belos h

Υ0ar 20/3 . Sales cogsross magin 1)10- CoGs $445 COGS$10-$115 - 665 magin operaling expense = opeaing 4145-2 88- depveuidin expense = M5 Depiecidon erperse = 245- $15 100 DpeYang iuome t Investment inuome Phonte exrense =EBTT 7145 t $13 -Finance e = $143 xpanse $158 $3 Finance 15 vet parnings yet ewungs $11y Imome epense EBJT $143 31 Net caugs

Sales coGS GYOSS mavain Year 2020 Sale -15 687 Saley 687 +145 =1632 Sess magin operatng nse- openaling ntame $687-store ex pense $13a o $ 283 stove expense $415- $283 16a Earnings beoe iome tax tar expense Net eanings $269 tax $215 expense $ 269 $215 Tax epese $51 year 20 11 DEBJT Jnome tax expense= Net eaning s EBIT 54 - $21- $217 t54 के 2+1 EBIT gras main-geaing expase operading inome 5ross mavgin Lt137t $lo +1 28 $282+ 346 = 628 ross in operatinn uome t Investment incone fineme exponse = EBIT CAS cal ewated above 282 +Inost ment mome- 18 2H Invesment income 2H 264 gess mngin Sales coGs = 41375-CoGs= 468 COGS=F1375 $628