The following data were taken from the records of Township Corporation at December 31 of...
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Accounting
The following data were taken from the records of Township Corporation at December of the current year: Sales revenue $ Gross profit Selling distribution expense Administrative expense Pretax income Income tax rate Shares of stock outstanding Required: Prepare a complete, classified multiplestep income statement for the company showing both gross profit and income from operations What is the gross profit percentage? 
The following data were taken from the records of Township Corporation at December of the current year:
Sales revenue $
Gross profit
Selling distribution expense
Administrative expense
Pretax income
Income tax rate
Shares of stock outstanding
Required:
Prepare a complete, classified multiplestep income statement for the company showing both gross profit and income from operations
What is the gross profit percentage?
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