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Current Attempt in Progress Bramble Corporation had net sales revenue of $ 5,810,000 and investment revenue of $ 224,000 for the year ended December 31,
Current Attempt in Progress Bramble Corporation had net sales revenue of $ 5,810,000 and investment revenue of $ 224,000 for the year ended December 31, 2020. Other items pertaining to 2020 were as follows: Cost of goods sold $ 4,610,000 Salaries and wages expense (sales) 364,000 Advertising expense 127,000 Entertainment expense 82.000 Selling expenses 573,000 Salaries and wages expense (administrative) 300,000 Rent expense 112,000 Utilities expense 43.000 Administrative expenses 455,000 Increase in value of company reputation 75,000 Unrealized gain on value of patents 38,000 Interest expense 167,000 Income tax expense 88,000 Bramble has 100,000 common shares outstanding throughout the year. Prepare a multiple-step income statement for Bramble Corporation, showing expenses by function. Include calculation of EPS. (Round per share answer to 2 decimal places, eg. 52.75.) Bramble Corporation Income Statement For the Year Ended December 31, 2020 Sales Revenue Cost of Goods Sold Gross Profit/(Loss) Operating Expenses Selling Expenses Administrative Expenses Other Revenues and Gains Other Expenses and Losses Interest Expense Income Before Income Tax Income Tax Expense Net Income /(Loss) OOO!! Earnings Per Share Net Income /(Loss) $ eTextbook and Media List of Accounts X Your answer is incorrect. Assume the average market price for the common shares is $49.35. What is Bramble's price-earnings ratio? Price earnings ratio is
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