Exercise Algo Computing Divisional Income: Incomplete Information and Financial Ratios
The following partial financial information in thousands of dollars is available for Thole, Incorporated:
Corporate overhead costs at Thole are allocated to divisions based on relative sales.
Required:
a Complete the income statements for both divisions and the corporation as a whole.
Note: Enter your answers in thousands. Enter dil values as positive value. Round your answers to decimal place.
tableusands of Dolla,,,,Pacific,,Southern,,,Total,SalesCost of sales,,,,,,,Gross margin,,,,,,,Selling General and Admi,,,,,,,Allocated corporate costs,Operating income,,,,,,,Tax expense @Aftertax income,,,,,$Gross margin percentage,
