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the problem looks like this:
20X5 20X6
--------------------------------------------------------------------------------------
Income statment (thousands)

Revenues $88,412 (this is blank)
Cost of goods sold (blank) 74,564
Other expenses 13,564 15,839
Income before income taxes 9,262 4,346
Income taxes (36.95% in 20X6) 1,581 (blank)
net income (blank) (blank)

I need to fill in the blanks but have no idea how to do this. can you explain to me how to do this?

also some information given before the problem:

StrideRite, Inc. operates discount shoe stores. Condensed versions of the company's financial statements, with certain items omitted, follow for two recent years

2007-09-05 13:20:43 · 2 answers · asked by Anonymous in Business & Finance Other - Business & Finance

2 answers

Revenue $ 88412 $94749
Cost of goods sold $ 65586 $74564
Gross profit $22826 $20185

Other Expenses $13564 $15839

Income before taxes $9262 $ 4346
Tax $1581 $1605.847
Net Income $7681 $ 2740.153

2007-09-05 13:31:19 · answer #1 · answered by shipwreck 7 · 0 0

Looks right. I just got done doing my Accounting 2 homework online. Fun!!

2016-05-17 15:39:43 · answer #2 · answered by ? 2 · 0 0

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