Does your company use a multistep income statement



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Using the most recent annual report of the company you have chosen to study and that you have accessed online at the company’s website, examine the income statement of your company. Answer the following questions.

1. Does your company use a multistep income statement?

2. For the most recent year, what is the company’s gross margin, operating income, and net income? Briefly explain why these numbers are different.



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