Question
ABC Corporation - Partial Income Statement - FY 2018 2018 Revenue ...................... $ 10,000,000 Cost of Goods Sold ..................... 4,000,000 Selling General and Admin ........
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ABC Corporation - Partial Income Statement - FY 2018
2018 Revenue ...................... $ 10,000,000
Cost of Goods Sold ..................... 4,000,000
Selling General and Admin ........ 1,500,000
Research and Development ...... 1,200,000
Depreciation ................................ 1,500,000
Operating Expenses ................ ????
Interest Income ........................... 150,000
Interest Expense ......................... 250,000
Pre-Tax Income ...................... 1,700,000
Tax ................................................. 595,000
EPS - Basic ...............................$ ??
Weighted avg. Shares ................1,300,000
Use the above information to answer the following four questions:
1. What is ABC's Operating Profit for 2018?
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$6,000,000
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$1,800,000
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$1,700,000
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$1,105,000
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What is ABC's Net Income?
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$6,000,000
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$1,800,000
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$1,105,000
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$4,200,000
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What is ABC's Earnings Per Share for 2018?
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$0.80
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$0.70
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$0.85
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$1.15
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What is ABC's Gross Profit?
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$6,000,000
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$4,000,000
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$4,200,000
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$10,000,000
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Principles Of External Auditing
Authors: Brenda Porter, David Hatherly, Jon Simon
3rd Edition
0470018259, 9780470018255
