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Complete the 2019 income statement of the ABC Inc. using the information provided. Income Statement (in thousands) Year 2019 Revenues 2,450 COGS 1,950 Depreciation 75
Complete the 2019 income statement of the ABC Inc. using the information provided.
| Income Statement (in thousands) | |
| Year 2019 | |
| Revenues | 2,450 |
| COGS | 1,950 |
| Depreciation | 75 |
| EBIT | |
| Interest | 45 |
| Taxable Income | |
| Taxes (25%) | |
| Net Income | |
| Dividends (Payout Ratio= 35%) | |
| Additions to Retained Earnings | |
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Focus On Personal Finance An Active Approach To Help You Develop Successful Financial Skills
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
4th Edition
0078034787, 978-0078034787
