supply the missing dollar amounts for the 2012 income statement of nextech company f 555489
Inferring Income Statement Values – Supply the missing dollar amounts for the 2012 income statement of NexTech Company for each of the following independent cases. ( Hint: Organize each case in the format of the classified or multiple-step income statement discussed in the chapter. Rely on the amounts given to infer the missing values.)
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supply the missing dollar amounts for the 2012 income statement of nextech company f 555489
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Case B |
Case C |
Case D |
Case E |
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|
Sales revenue |
$900 |
$750 |
$420 |
$ ? |
$ ? |
|
Selling expense |
? |
100 |
80 |
390 |
240 |
|
Cost of goods sold |
? |
300 |
? |
500 |
320 |
|
Income tax expense |
? |
30 |
20 |
50 |
20 |
|
Gross margin |
375 |
? |
? |
? |
430 |
|
Pretax income |
200 |
200 |
? |
190 |
? |
|
Administrative expense |
125 |
? |
70 |
120 |
90 |
|
Net income |
120 |
? |
60 |
? |
80 |
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