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Chapter 4 Homework (10 points) Raja Cosmetics Company had the following income statement item 2020 ($ in 000s): s for the year ended December 31,
Chapter 4 Homework (10 points) Raja Cosmetics Company had the following income statement item 2020 ($ in 000s): s for the year ended December 31, Net sales $26,000 280Selling and administrative expenses 3,300 Cost of goods sold $14,500 Interest income Interest expense 510 Restructuring costs 1,600 In addition, during the year the company completed the disposal of its plastics business and incurred a loss from operations of $2.4 million and a gain on disposal of the component's assets of $3.6 million. 600,000 shares of common stock were outstanding throughout 2020. Income tax expense has not yet been recorded. The income tax rate is 40% on all items of income (loss). Required Prepare a multiple-step income statement for 2020, including EPS disclosures. Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands except e per share. Round EPS answers to 2 decimal places. arnings
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