Listed below are the results of Rulon Candies' operations for 2008 and 2009. (Assume 4,000 shares of

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Listed below are the results of Rulon Candies' operations for 2008 and 2009. (Assume 4,000 shares of outstanding stock for both years.)

Required:
Prepare a comparative income statement for Rulon Candies, Inc., for the years ended December 31, 2009, and 2008. Be sure to include figures for gross margin, operating income, income before taxes, net income, and earnings per share.

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Financial Accounting

ISBN: 978-0324645576

10th edition

Authors: W. Steve Albrecht, James D. Stice, Earl K. Stice

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Question Posted: Sep 11, 2016 11:55 AM

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Listed below are the results of Rulon Candies' operations for 2008 and 2009. (Assume 4,000 shares of

Question:

2009 2008 Sales Employee salaries Income tax expense $300,000 15,000 115,000 10,000 9,000 25,000 115,000 10,000 $350,000 8,500 110,000 20,000 36,500 15,000 85,000 10,000 Interest expense Interest reven ue __.. ._.-. . __.. ._.-... .

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Financial Accounting

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