Question

Homework: P2 (Financial Statements) Score: 0 of 1 pt 4 of 8 (2 complete) P2-7 (similar to) HW Score: 25%, 2 Question Help . Complete the partial inco Income statement. Use the data from the following financial statement in the popup window, statement if the co Complete the incoli Data Table Sales revenue Cost of goods Fixed costs Selling, gener Depreciation EBIT (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $351,000 Cost of goods sold $139,000 Fixed costs $42,700 Selling, general, and administrative expenses $27,900 Depreciation $45,300 Interest exper Taxable incon Taxes Net income Print Done Enter any number in the edit fields and then click Check Answer.

Answer 1

-Nm Income Statement Year Ending 2017 Sales revenue Cost of goods sold Fixed costs selling, general and administrative expenses | Depreciation EBIT Interest expenses Taxable income Taxes Net income 351000 139000 42700 27900 45300 96100 17100 79000 31600 47400 0 FM

EXCEL FORMULA:

B Income Statement Year Ending 2017 Sales revenue 351000 Cost of goods sold 139000 Fixed costs 42700 selling, general and administrative expenses 27900 Depreciation 45300 EBIT =C3-C4-C5-C6-C7 Interest expenses 17100 Taxable income =C8-C9 Taxes =C10*40% Net income =C10-C11