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Manal Elkhoshkhany
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XYZ Company Multi-Step Income Statement

Customer Question

XYZ Company                          
Multi-Step Income Statement                           
Net Sales                         1,833,000
Cost of Goods Sold                         1,072,000
Gross Profit                         761000
Selling and Administrative Expenses                         279,000
General and admin. expenses                         175,000
Depreciation and Amortization                         14,000
Repairs and Maintenance                          
Operating Profit                         293000
Other Income (Expense)                          
Interest Income                          13,000
Interest Expense                         16,000
Total non-operating                         -3,000
Earnings Before Interest and Taxes                         290,000
Income Taxes                         116,000
Net Earnings                         174000
summary discussing the
implications of profitability and net income of the company
Submitted: 7 years ago.
Category: Homework
Expert:  Manal Elkhoshkhany replied 7 years ago.

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