Extendicare Inc. reported the following selected information (in thousands):RevenuesNet income (excluding discontinued business income)Net income (including discontinued business income)Other comprehensive income (loss)Total comprehensive incomeWith discontinued income: Profit marginWithout discontinued income: Profit marginWith OCI: Profit margin2021$1,216,758Without discontinued income and without OCI: Profit margin9,01211,5041,65913,1632020$1,103,54442,450(a) Calculate the profit margin with and without the effect of the discontinued income and comprehensive income for each year(Round answers to 1 decimal place, e.g. 5.2%.)54,189(2,154)52,0352021%%%%2020

Profit margins are valuable tools for financial analysis, enabling comparisons between companies of…

Extendicare Inc. reported the following selected information (in thousands): Revenues Net income (excluding discontinued business income) Net income (including discontinued business income) Other comprehensive income (loss) Total comprehensive income 2021 $1,216,758 9,012 11,504 1,659 13,163 2020 $1,103,544 42,450 54,189 (2,154) 52,035 (a) Calculate the profit margin with and without the effect of the discontinued income and comprehensive income for each year (Round answers to 1 decimal place, e.g. 5.2%.)

Extendicare Inc. reported the following selected information (in thousands): Revenues Net income (excluding discontinued business income) Net income (including discontinued business income) Other comprehensive income (loss) Total comprehensive income 2021 $1,216,758 9,012 11,504 1,659 13,163 2020 $1,103,544 42,450 54,189 (2,154) 52,035 (a) Calculate the profit margin with and without the effect of the discontinued income and comprehensive income for each year (Round answers to 1 decimal place, e.g. 5.2%.)

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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