Study the 2016 income statement of Orlando\'s Imports, Inc., and answer these qu

Question

Study the 2016 income statement of Orlando's Imports, Inc., and answer these questions about the company (click the icon to view the income statement.) 1. How much gross profit did Orlando's Imports eam on the sale of its products in 20167 How much was income from continuing operations? Net income? 2. At the end of 2016, what dollar amount of net income would most sophisticated investors use to predict Orlando's Imports' net income for 2017 and beyond? Name this item, give its amount, and state your reason amounts in thousands. Use parentheses or a minus sign for losses) Gross proft Income from continuing operations62.344 thousand Net income s 703,785 thousand S62.544 thousand reason. (Enter amounts in thousands. Use parentheses or a minus sign for losses) 2. At the end of 2016, what dollar amount of net income would most sophisticated investors use to thils item, give its amount, and state your predict Orlando's Imports' net income for 2017 and beyond? Name er in the amount of Sthousand income from continuing operations net income Choose from any list or enter any n sales revenue heck Answer Clear All

Explanation / Answer

Sophisticated investors would use income from continuing operations in the amount of$62344 thousand

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

---