Calculate income before income taxes

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Reference no: EM131521092

Question: Below are amounts found in the income statements of three companies.

Required: 1. For each company, calculate (a) gross profit, (b) operating income, (c) income before income taxes, and (d) net income.

2. For each company, calculate the gross profit ratio and indicate which company has the most favorable ratio.

Reference no: EM131521092

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