Question

Application Problem 4-8A 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 $1,362 $1,122 Cost of goods sold 951 Gross margin 701 450 Operating Expenses Store expenses 137 110 Administrative expenses 131 o 0 Depreciation expense 111 00 Operating income 147 Investment income Financing expenses Earnings before income taxes 144 Income tax expense 29 Net earnings $227 $202

Answer 1

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2016 $1,122 $ 672 450 lio Auglis DITURI annssoen CTURINION, INC. Stalement of Income for the year 2018 to 2020 con thousands of dollars) 2 . 2020 2019 Sales Revenue 4 1652 $1362 Cost of Goods sold 951 754. gross margin 7011 608 operating Expenses Store expenses 163 Administrative Expenses Depreciation Expense operating in come Investment income il financing Expenses Earning before income taxes 284 253 Income tax Expense 57.1 51 Net earnings $227 I $202 89 104 147 | $ 115