A Colleague Needs Your Help

A colleague is having computer troubles and asks you to analyze income statement data for three clients. You are asked to provide each client with specific key figures as they would be reported on the company's income statement in Exhibit K. You are told that each client has an effective tax rate of 25% and that all figures presented are pre-tax figures.

Income Statement Data	Client A	Client B	Client C
Cost of Goods Sold	1,717.8	1,716.5	1,145.2
Gain on Sale of Investment	14.6	14.2	2.6
Income/(Loss) from discontinued operations	0.0	12.8	(62.0)
Interest Expense	18.9	17.1	12.8
Interest Revenue	5.2	6.1	3.1
Loss on disposal of discontinued operations	0.0	(25.6)	(126.0)
Loss on Sale of Plant Asset	5.9	5.2	1.3
Net Sales	6,861.6	7,675.2	4,574.4
Selling & Admin. Expenses	2,581.2	2,581.5	1,720.8

Exhibit K: Key Income Figures for Clients A, B and C.

Client A	Gross Profit	Income From Operations
	$	$

Client B	Income before income tax	Income Tax Expense	Total reported for discontinued operations
	$	$	$

Client C	Total "Other revenue and expenses"	Income From Continuing Operations	Total reported for discontinued operations
	$	$	$