e Secure https,/www.mathal.com/Student/Playertiomework anpsthomeworkld-48489744q

Question

e Secure https,/www.mathal.com/Student/Playertiomework anpsthomeworkld-48489744questionld 18flushed falvedcld 50298718centerwin yes ACCT 23O1.WP oseph Herman&1 71418 7 42 AM Homework: Chapter 04 Homework Score: 0 of 2 pts S4-11 (similar to) MN Score: 0%, 0 of 8 pt The accounting reconds for Children's Toys, inc, reflected the following amounts at the end of March 2016 ?[CSok the Kon to view te accounts ) Prepare Children's Toya's muis-step income statement for the fiscal year ended March 31. 2016 (Use a minus sign or parentes for a loun ) Children's Toys, Inc ncome Statement Year ended March 31 2016 Data Table s 20.500 25,500 2.200 2,000 .400 ,600 2.500 Conl of goods sod Total operating expenses Accounts payable otal stockholders' equity Long-term notes paryabe Inventory 100 Equipment, net 600 Accned sabi 6,600 Net sales nevenue Operating income Goss) 21,000 Accounts receivable 2.500 Prepaid rent Net income (loss) 100 Intenest expense Print Done e from any list or enter any number in the input fields and then click Check Answer s showing O Type here to search Clear Al 7A

Explanation / Answer

Children's Toys's

Income Statement

For the year ended March 31, 2016

Sales 32,000 Less: Cost of goods sold - 20,500 Gross profit 11,500 Less: Operating expenses - 4,100 Profit before interest and tax 7,400 Less: Interest expense - 200 Profit before tax 7,200

Related Questions

Navigate

• Browse (All)
• Browse E
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.