Question

G7X Full Income Statement Exercise Create a Full Income Statement using the Given Given Information Income Sta Net Revenues Cost of Goods Sold round to nearest dollar singer ROUND Gross Pro Gross Revenues 985.0001 Returns and Allowances 5.250 Sales Discounts 21.650 COGS Ratio 450 Depreciation 165.000 SG&A' 185.000 other operating expenses 23.000 Mis other Income Misc other losses Tax rate 2405 Common Shares Authorized 100.000 Common Shares Issued 175.000 Common Shares Outstanding L171.000 Order from avgest to movest expense 1000 850 Order fromages absolute value to save over v acation Mortgage on Bordings Interest Rate or Mortgage est dollar using exc RO con 100000 Bonds Payable Interest Rate on Bonds Earnings Per Share Operating cash Flow cast cent using er en funcion Average short term debe interest Rate on ST Debt Calculate interest Expense Bater.com u ng lo narest dollar singercers ROUND con No Good Old e r Wet Revenues GIOS AGO H OUS ISCRAS General and A nstrative Expenses Net s are Gross Reve n ues cascounts returns and allowano LLLLLL Enter all numbers as positive numbers and other add or subtract in the boats and fola calculations Student re main Type here to search

Answer 1

Income Statement $958,100 + 431,145 Net Revenues (995,000 -5,250-22,650) cast of Goods Sold 145/2 x 958,700) I Gross Profit Depreciation SG & A Other operating expenses Operating Income Misc. Other Income Misc. Other losses 526,955 65,000 185,000 23,600 253,355 1,000 850 253, sos 28,940 EBIT Fast Dateient Expenses 224565 Taxable Income Taxes @ 24% Net Income 53.895 $170, 670 0 0 Butrent - t Mortgage on Building -900,000 @ 6). 400,ooox 6 - $ 24,000 100 Inthest on Bonds Payable = 100,000 X 4S - $4,500 loo Inthest on Short Term Delut 20,000x2.2 = $-440 + Too $ 28,940

- $8.4 Ielare Caming Per Shane (170,670 71,000 $958,100 Operating Cash Howe Met Revenues Lest SG&A Other operating Expenses 23,600 Pinterest Expenses 28,940 237,540 720,560 53,893 666,665 Les Tax paid