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A 1 SL High Tech 2 Income Statements 3 For the Years 2019 and 2020 4 5 Sales 6 Cost of Goods B 0
A 1 SL High Tech 2 Income Statements 3 For the Years 2019 and 2020 4 5 Sales 6 Cost of Goods B 0 2020 2019 3185000 2650000 2165800 1802000 7 Gross Profit 1019200 848000 8 Depreciation 65800 59800 9 Selling & Admin. Expense 425000 390000 10 Lease Expense 65000 65000 11 Net Operating Income 463400 333200 12 Interest Expense 102000 68000 13 Earnings Before Taxes 361400 265200 14 Taxes 126490 92820 15 Net Income 234910 172380 16 17 Notes: 18 Tax Rate 35.00% 35.00% 19 Shares 38,000 30,000 20 Earnings per Share $6.18 $5.75
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Accounting for Governmental and Nonprofit Entities
Authors: Jacqueline Reck, Suzanne Lowensohn, Earl Wilson
17th edition
78025826, 978-1259564239, 1259564231, 978-0078025822
