Question

Income statement. Construct the Barron​ Pizza, Inc. income statement for the year ending 2015 with the following information​ (the dollar amounts are in thousands of​ dollars):

Shares​ outstanding: 16,632,000

Tax​ rate: 37.5%

Interest​ expense:$6,123

​Revenue:$889,397

​Depreciation:$31,319

​Selling, general, and administrative​ expense:$77,558

Other​ income:$1,213

Research and​ development:$4,042

Cost of goods​ sold:​$750,603

​Note: Enter all expenses as negative numbers.

(Round the income statement accounts to the nearest thousand dollars and the earnings per share to the nearest cent. ​ Also, use a minus sign for numbers to be​ subtracted.)

Income Statement
Barron Pizza, Incorporated
Year Ending 2015 (thousands of dollars)
Answer	$	Answer
Answer	$	Answer
Gross profit	$	Answer
Answer	$	Answer
Answer	$	Answer
Answer	$	Answer
Operating income	$	Answer
Answer	$	Answer
EBIT	$	Answer
Answer	$	Answer
Income before tax	$	Answer
Answer	$	Answer
Net income	$	Answer
Shares outstanding		Answer
Earnings per share	$	Answer

  

Answer 1

Income Statement
Barron Pizza, Incorporated
Year Ending 2015 (thousands of dollars)
Revenue	$	889397
Cost of goods sold	$	-750603
Gross Profit	$	138794
Selling, general and administrative expense	$	-77558
Depreciation	$	-31319
Research and development	$	-4042
Operating income	$	25875
Other income	$	1213
EBIT	$	27088
Interest expense	$	-6123
Income before tax	$	20965
Income [email protected]%	$	-7862
Net Income(A)	$	13103
Share outstanding(B)		16632
Earnings per share(A)/(B)	$	0.79