Multiple-Step Income Statement and Profit Margin
The following income statement items, arranged in alphabetical
order, are...
Multiple-Step Income Statement and Profit Margin
The following income statement items, arranged in alphabetical
order, are taken from the records of Shaw Corporation for the
current year:
Advertising expense
$1,500
Interest expense
$1,410
Commissions expense
2,652
Interest revenue
1,412
Cost of goods sold
29,269
Rent revenue
6,551
Depreciation expense - office building
2,760
Salaries and wages expense—office
11,508
Income tax expense
1,499
Sales revenue
48,090
Insurance expense - salesperson’s auto
2,232
Supplies expense—office
809
Required:
Assume that Shaw Corporation classifies...
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...
Prepare a common-size income statement (component percentages)
for the following income statement.
Dollar Amount
Sales revenue...
Prepare a common-size income statement (component percentages)
for the following income statement.
Dollar Amount
Sales revenue
$200,000
Cost of goods sold
$80,000
Gross profit
$120,000
Operating expenses
$101,000
Interest expense
$4,000
Income before income tax
$15,000
Income tax expense (rate 20%)
$3,000
Net income
Common-Size Income Statements
Following is the income statement for Target Corporation.
Prepare Target’s common-size income statement...
Common-Size Income Statements
Following is the income statement for Target Corporation.
Prepare Target’s common-size income statement for the fiscal year
ended January 31, 2015.
(Round your answers to one decimal place.)
($
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...
Income Statement
For the year ended December 31, 2019
Sales Revenue
$347,000
Cost of Goods Sold...
Income Statement
For the year ended December 31, 2019
Sales Revenue
$347,000
Cost of Goods Sold
(78,000)
Gross Profit
$269,000
Selling and Administrative Expenses
(43,900)
Operating Income
225,100
Gain on Sale of Equipment
5,500
Net Income
$230,600
All of the company’s sales are made on account. At the
beginning of the year, the Accounts Receivable balance was
$53,500. The balance had decreased to $50,200 by year-end.
All of the company’s inventory purchases are made on account.
Accounts Payable consists solely...
Rogue Industries reported the following items for the current
year: Sales = $3,000,000; Cost of Goods...
Rogue Industries reported the following items for the current
year: Sales = $3,000,000; Cost of Goods Sold = $1,500,000;
Depreciation Expense = $170,000; Administrative Expenses =
$150,000; Interest Expense = $30,000; Marketing Expenses = $80,000;
and Taxes = $300,000. Rogue's operating income is equal to
The income statement for Camire, Inc. appears below:
Revenue
$130,000
Cost of goods sold
50,000
Depreciation...
The income statement for Camire, Inc. appears below:
Revenue
$130,000
Cost of goods sold
50,000
Depreciation expense
32,000
Other operating expenses
8,000
Income tax expense
14,000
Net income
$ 26,000
During the year, Camire Inc.’s cash increased by $4,200, accounts
receivable increased by $1,200, inventory decreased by $3,800, and
accounts payable increased by $400.
How much is the company's cash flow from operations?
A.
$65,200
B.
$58,000
C.
$59,000
D.
$61,000
Your firm has the following income statement items: sales of
$55,609,373; income tax of $2,120,584; operating...
Your firm has the following income statement items: sales of
$55,609,373; income tax of $2,120,584; operating expenses of
$12,412,399; cost of goods sold of $31,111,667; and interest
expense of $214,767. What is the amount of the firm's EBIT?
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...