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Chipotle Corporation has the following multi-step income statement for the past two years. Fill in the missing blanks. Be sure to line up the letters that you are solving with the letters in the available blanks. Canvas measures letter order from top to bottom (not by column). Also be sure to use commas in your numbers. Current Year Last Year Sales 750,000 Beginning Inventory 400,000 425,000 Purchases 470,000 Ending Inventory 380,000 400,000 Cost of Goods Sold 375,000 Gross Profit 430,000 Other Expenses 60,000 Net Income 200,000 120,000

Chipotle Corporation has the following multi-step income statement for the past two years. Fill in the missing blanks. Be sure to line up the letters that you are solving with the letters in the available blanks. Canvas measures letter order from top to bottom (not by column). Also be sure to use commas in your numbers. Current Year Last Year Sales 750,000 Beginning Inventory 400,000 425,000 Purchases 470,000 Ending Inventory 380,000 400,000 Cost of Goods Sold 375,000 Gross Profit 430,000 Other Expenses 60,000 Net Income 200,000 120,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Chipotle Corporation has the following multi-step income statement for the past two years. Fill in the missing blanks. Be sure to line up the letters that you are solving with the letters in the available blanks. Canvas measures letter order from top to bottom (not by column). Also be sure to use commas in your numbers. Current Year Last Year Sales 750,000 Beginning Inventory 400,000 425,000 Purchases 470,000 Ending Inventory 380,000 400,000 Cost of Goods Sold 375,000 Gross Profit 430,000 Other Expenses 60,000 Net Income 200,000 120,000
Transcribed Image Text:Chipotle Corporation has the following multi-step income statement for the past two years. Fill in the missing blanks. Be sure to line up the letters that you are solving with the letters in the available blanks. Canvas measures letter order from top to bottom (not by column). Also be sure to use commas in your numbers. Current Year Last Year Sales 750,000 Beginning Inventory 400,000 425,000 Purchases 470,000 Ending Inventory 380,000 400,000 Cost of Goods Sold 375,000 Gross Profit 430,000 Other Expenses 60,000 Net Income 200,000 120,000
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