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Income statement. Construct the Barron Pizza, Inc. income statement for the year ending 2015 with the following information (
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Income Statement
Barron Pizza, Inc
Year Ending 2015 ($ in thousands, except earnings per share
Particulars Amt.
Revenue 889496
Other income 1187
Total Revenue 890683
Less; Cost of Goods Sold -750615
Gross Profit 140068
Less; Expenses
Selling, General & Administrative expenses -77533
Research & development -4047
Depreciation -31212
Total Expenses -112792
Earnings before Interest and Tax (EBIT) 27276
Less; Interest Expense -6167
Earnings Before Tax 21109
Less; [email protected]% -7915.875
Earnings after Tax/Net Earnings 13193.125
Shares Outstanding (No's) 16753000
Earnings per Share ( $13193125/16753000) 0.79
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