Prepare an income statement for Franklin Kite Co. Take your
calculations all the way to computing...
Prepare an income statement for Franklin Kite Co. Take your
calculations all the way to computing earnings per share.
(Round EPS answer to 2 decimal places.)
Sales
$
1,110,000
Shares outstanding
186,000
Cost of goods sold
550,000
Interest expense
25,000
Selling and administrative
expense
42,000
Depreciation expense
39,000
Preferred stock dividends
84,000
Taxes
112,000
Prepare an income statement for Franklin Kite Co. Take your
calculations all the way to computing...
Prepare an income statement for Franklin Kite Co. Take your
calculations all the way to computing earnings per share. (Round
EPS answer to 2 decimal places.)
Sales $ 1,120,000
Shares outstanding 118,000
Cost of goods sold 770,000
Interest expense 29,000
Selling and administrative expense 44,000
Depreciation expense 35,000
Preferred stock dividends 83,000
Taxes 115,000
Prepare an income statement for Franklin Kite Co. Take your
calculations all the way to computing...
Prepare an income statement for Franklin Kite Co. Take your
calculations all the way to computing earnings per share. (Round
EPS answer to 2 decimal places.) Sales $ 1,290,000 Shares
outstanding 144,000 Cost of goods sold 530,000 Interest expense
20,000 Selling and administrative expense 49,000 Depreciation
expense 36,000 Preferred stock dividends 89,000 Taxes 117,000
Prepare an income statement for Virginia Slim Wear. Take your
calculations all the way to computing...
Prepare an income statement for Virginia Slim Wear. Take your
calculations all the way to computing earnings per share.
(Round EPS answer to 2 decimal places.)
Sales
$
630,000
Shares outstanding
106,000
Cost of goods sold
240,000
Interest expense
32,000
Selling and administrative expense
45,000
Depreciation expense
20,000
Preferred stock dividends
85,000
Taxes
101,000
2. Sosa Diet Supplements had earnings after taxes of $800,000 in
20X1 with 200,000 shares of...
2. Sosa Diet Supplements had earnings after taxes of $800,000 in
20X1 with 200,000 shares of stock outstanding. On January 1, 20X2,
the firm issued 50,000 new shares. Because of the proceeds from
these new shares and other operating improvements, earnings after
taxes increased by 30 percent.
a. Compute earnings per share for the year 20X1.
b. Compute earnings per share for the year 20X2
5. Arrange the following income statement items so they are in
the proper order of...
The Alexander Company reported the following income statement
for 2016:
Sales $15,000,000
Less: Operating expenses
Wages,...
The Alexander Company reported the following income statement
for 2016:
Sales $15,000,000
Less: Operating expenses
Wages, salaries, benefits $6,000,000
Raw materials 3,000,000
Depreciation 1,500,000
General, selling, and administrative expenses 1,500,000
Total operating expenses 12,000,000
Earnings before interest and taxes (EBIT) $3,000,000
Less: Interest expense 750,000
Earnings before taxes $2,250,000
Less: Income taxes 1,000,000
Earnings after taxes $1,250,000
Less: Preferred dividends 250,000
Earnings available to common stockholders $1,000,000
Earnings per share—250,000 shares outstanding $4.00
Assume that all depreciation and 75 percent...
MULTIPLE STEP INCOME STATEMENT (HOMEWORK PROBLEM)
Prepare a multiple step income statement for ABC Corp. (includes...
MULTIPLE STEP INCOME STATEMENT (HOMEWORK PROBLEM)
Prepare a multiple step income statement for ABC Corp. (includes
EPS) for the year 2017 and the related statement of retained
earnings using the following data:
Interest expense
-------------------------------------------------------------13,000
Loss on disposal of a component of the business
--------------------30,000
Loss from operations of X division (discontinued operations)
-----42,000
Dividends declared and paid
----------------------------------------------20,000
Sales revenue
------------------------------------------------------------------1,000,000
Dividend revenue
--------------------------------------------------------------19,500
Cost of merchandise sold
----------------------------------------------------308,500
Selling expenses
----------------------------------------------------------------145,000
Administrative expenses
------------------------------------------------------215,000
Retained Earnings as of...
Using the data for Brady and Co. provided in the sheet labeled
"Trial Balance" prepare Income...
Using the data for Brady and Co. provided in the sheet labeled
"Trial Balance" prepare Income Statement -
multiple-step for fiscal years 2015. Include earnings per share
data.
2015
Dr
Cr
Accounts Payable
999,210
Accounts Receivable
2,943,125
Accrued Liabilities - Other
508,643
Accrued Pension Liabilities
650,216
Accrued Restructuring Charges
126,000
Accrued Salaries, Wages and
Commissions
281,364
Accumulated Other Comprehensive Income
(Loss)
621,236
Accumulated Depreciation -
Property, Plant & Equipment
1,829,634
Accumulated Post-Employment...
complete a Trial Balance, Income Statement, Statement of
Retained Earnings, Balance Sheet, and calculate all of...
complete a Trial Balance, Income Statement, Statement of
Retained Earnings, Balance Sheet, and calculate all of the
ratios.
Accounts Receivable
16,250
Accumulated depreciation: Office equipment
25,000
Cash
25,300
Land
58,500
Merchandise inventory
25,250
Office equipment
41,000
Office supplies
4,410
Prepaid rent
1,800
Cost of Goods Sold
112,575
Depreciation expense: office equipment
2,750
Income tax expense
9,000
Insurance expense
1,900
Office supplies expense
520
Rent expense
5,700...