Common-Size Income Statements
Following is the income statement for Target Corporation.
Prepare Target’s common-size income statement...
Common-Size Income Statements
Following is the income statement for Target Corporation.
Prepare Target’s common-size income statement for the fiscal year
ended January 31, 2015.
(Round your answers to one decimal place.)
($
millions)
Fiscal year
ended
January 31, 2015
Sales revenue
$72,618
Cost of sales
51,278
Selling, general and administrative expenses
14,676
Depreciation and amortization
2,129
Earnings from continuing operations before interest and income
taxes
4,535
Net interest expense
882
Earnings from continuing operations before income taxes
3,653
Provision for...
Presented below is information related to Great Company at
December 31, 2018.
Sales revenue
800,000...
Presented below is information related to Great Company at
December 31, 2018.
Sales revenue
800,000
Selling and administrative expenses
200,000
Loss on sale of plant assets
60,000
Interest expense
15,000
Cost of goods sold
420,000
Loss on discontinued operations (after-tax)
40,000
Allocation to noncontrolling interest
20,000
Enter the following information in the blank fields in the same
order as it appears below. Ignore income tax.
1. Gross profit
2. Income from operations
3....
INCOME STATEMENT - ALL NUMBERS IN THOUSANDS
Revenue
12/31/17
12/31/16
Total Revenue
177,866,000
135,987,000
Cost of Revenue...
INCOME STATEMENT - ALL NUMBERS IN THOUSANDS
Revenue
12/31/17
12/31/16
Total Revenue
177,866,000
135,987,000
Cost of Revenue
111,934,000
88,265,000
Gross Profit
65,932,000
47,722,000
Operating Expenses
Research Development
22,620,000
16,085,000
Selling General and Administrative
38,992,000
27,284,000
Non Recurring
-
-
Others
214,000
167,000
Total Operating Expenses
173,760,000
131,801,000
Operating Income or Loss
4,106,000
4,186,000
Income from Continuing Operations
Total Other Income/Expenses Net
-304,000
-390,000
Earnings Before Interest and Taxes
4,106,000
4,186,000
Interest Expense
-848,000
-484,000
Income Before Tax
3,802,000
3,796,000
Income Tax...
Find the ratios for the given Income
Statement
All numbers in thousands
Revenue
12/31/2018
12/31/2017
Total...
Find the ratios for the given Income
Statement
All numbers in thousands
Revenue
12/31/2018
12/31/2017
Total Revenue
243,770,000,000
239,575,376,000
Cost of Revenue
132,390,000,000
129,290,661,000
Gross Profit
111,380,000,000
110,284,715,000
Operating Expenses
Research Development
18,350,000,000
16,355,612,000
Selling General and Administrative
34,140,000,000
38,947,445,000
Non Recurring
-
-
-
Others
-
-
Total Operating Expenses
184,880,000,000
185,930,338,000
Operating Income or Loss
58,890,000,000
53,645,038,000
Income from Continuing Operations
Total Other Income/Expenses Net
2,270,000,000
2,550,929,000
Earnings Before Interest and Taxes
58,890,000,000
53,645,038,000
Interest Expense
-
-655,402,000...
Assume that income from continuing operations (net of tax) is
$50,000, what is the amount of...
Assume that income from continuing operations (net of tax) is
$50,000, what is the amount of Earnings Per Share reported for
discontinued operations?
Using the information below, determine the number indicated
above to be reported on the income statement, the statement of
comprehensive income, or the retained earnings statement for the
year ended Dec. 31, 2020
Assume a 30% tax rate on all items and that 100,000 shares of
common stock were outstanding during the year.
All amounts except for...
The following information was taken from the records of Concord
Inc. for the year 2017: Income...
The following information was taken from the records of Concord
Inc. for the year 2017: Income tax applicable to income from
continuing operations $188,564; income tax applicable to loss on
discontinued operations $26,588, and unrealized holding gain on
available-for-sale securities (net of tax) $16,100.
Gain on sale of equipment
$98,500
Cash dividends declared
$158,500
Loss on discontinued operations
78,200
Retained earnings January 1, 2017
651,700
Administrative expenses
244,000
Cost of goods sold
813,100
Rent revenue
45,400
Selling expenses
327,700
Loss...
Use Income statement shown below and calculate : Current Market
cap, PE ratio, Earnings per share,...
Use Income statement shown below and calculate : Current Market
cap, PE ratio, Earnings per share, Dividend yield ,PEG ratio and
PEGY ratio
Total Revenue
25,878,372
Cost of Revenue
18,521,400
Gross Profit
7,356,972
Operating Expenses
Research Development
-
Selling General and Administrative
4,250,446
Non Recurring
-
Others
-
Total Operating Expenses
-
Operating Income or Loss
3,106,526
Income from Continuing Operations
Total Other Income/Expenses Net
-
Earnings Before Interest And Taxes
3,106,526
Interest Expense
29,175
Income Before Tax
3,077,351
Income...
Brief Exercise 4-5 (Algo) Income from continuing operations
[LO4-3, 4-5]
The following are partial income statement...
Brief Exercise 4-5 (Algo) Income from continuing operations
[LO4-3, 4-5]
The following are partial income statement account balances
taken from the December 31, 2021, year-end trial balance of White
and Sons, Inc.: restructuring costs, $470,000; interest revenue,
$57,000; before-tax loss on discontinued operations, $570,000; and
loss on sale of investments, $67,000. Income tax expense has not
yet been recorded. The income tax rate is 25%.
Prepare the lower portion of the 2021 income statement beginning
with $885,000 income from continuing...
Plano Co. 12/31/2018
Partial Trial
Balance Data
Debits
Credits
Sales revenue
620,000
Interest
revenue
74,000
Gain...
Plano Co. 12/31/2018
Partial Trial
Balance Data
Debits
Credits
Sales revenue
620,000
Interest
revenue
74,000
Gain on sale of
investments
124,000
Cost of goods
sold
460,000
Selling
expenses
136,000
Interest
expense
26,000
General and
administrative expenses
92,000
Plano had 50,000 shares of stock outstanding throughout the year.
Income tax expense has not yet been accrued. The effective tax rate
is 30%.
Required:
Prepare a multiple-step income statement with earnings per share
disclosure. (Amounts to be deducted should be indicated
with...
The following information was taken from the records of Concord
Inc. for the year 2020: Income...
The following information was taken from the records of Concord
Inc. for the year 2020: Income tax applicable to income from
continuing operations $164,560; income tax applicable to loss on
discontinued operations $22,440, and unrealized holding gain on
available-for-sale securities (net of tax) $13,200.
Gain on sale of equipment
$83,600
Cash dividends declared
$132,000
Loss on discontinued operations
66,000
Retained earnings January 1, 2020
960,000
Administrative expenses
211,200
Cost of goods sold
748,000
Rent revenue
35,200
Selling expenses
264,000
Loss...