Supply the missing dollar amounts for the current year income statement of NexTech Company for each of the following independent cases. Note: Input all amounts as positive values. Sales revenue Cost of goods sold Gross margin Selling expense Administrative expense Pretax income Income tax expense Net income Case A $ 980 440 115 200 160 Case B $ 750 330 115 240 40 Case C $ 520 80 90 40 45 Case D 590 370 110 180 55 Case E 340 380 220 90 40 30

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Supply the missing dollar amounts for the current year income statement of NexTech Company for each of the following independent
cases.
Note: Input all amounts as positive values.
Sales revenue
Cost of goods sold
Gross margin
Selling expense
Administrative expense
Pretax income
Income tax expense
Net income
Case A
Case B
$ 980 $ 750
330
440
115
200
160
115
240
40
Case C
$ 520
80
90
40
45
Case D
590
370
110
180
55
Case E
340
380
220
90
40
30
Transcribed Image Text:Supply the missing dollar amounts for the current year income statement of NexTech Company for each of the following independent cases. Note: Input all amounts as positive values. Sales revenue Cost of goods sold Gross margin Selling expense Administrative expense Pretax income Income tax expense Net income Case A Case B $ 980 $ 750 330 440 115 200 160 115 240 40 Case C $ 520 80 90 40 45 Case D 590 370 110 180 55 Case E 340 380 220 90 40 30
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