numerade.com
SOLVED: Francisco Olivas of Olivas Medical Supply Company was reading the financial statements of Alvear Corp. to decide whether he wanted to try to acquire the company. He noticed some mistakes in the Alvear Corp. Income Statement:(millions)Year ended 12/31/2015Sales revenue:1200Gain on sale of equipment: 200Total Revenue:1400Cost of Goods Sold: (800)Gross Profit:600SG A Expense: (400)Interest Expense: (50)Operating Income: 150Interest Revenue:20Pre-tax income: 170Income Tax Expense: (61)Net
18 jun 2022