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Create a common sized income statement using the following income statement from iRobot. 12/30/2017 $883,911 $450,752 $433,159 $113,149 $246,881 $439 $72,690 IRBT Financials - Income
Create a common sized income statement using the following income statement from iRobot.
12/30/2017 $883,911 $450,752 $433,159 $113,149 $246,881 $439 $72,690 IRBT Financials - Income Statements In USD thousands Period Ending: 1/2/2020 12/28/2019 12/29/2018 Total Revenue $1,430,390 $1,214,010 $1,092,584 Cost of Revenue $760,161 $670,083 $537,156 Gross Profit $670,229 $543,927 $555,428 Operating Expenses Research and Development $156,670 $141,607 $140,629 Sales, General and Admin. $366,245 $314,651 $307,912 Non-Recurring Items Other Operating Items $992 $1,051 $1,065 Operating Income $146,322 $86,618 $105,822 Add'l income/expense items $41,593 $12,215 $2,800 Earnings Before Interest and Tax $187,915 $98,833 $108,622 Interest Expense Earnings Before Tax $187,915 $98,833 $108,622 Income Tax $40,847 $13,533 $20,630 Minority Interest Equity Earnings/Loss Unconsolidated Subsidiary Net Income-Cont. Operations $147,068 $85,300 $87,992 Net Income $147,068 $85,300 $87,992 Net Income Applicable to Common Shareholders $147,068 $85,300 $87,992 $3,676 $76,366 $76,366 $25,402 $50,964 $50,964 $50,964Step by Step Solution
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