Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Fill in the missing numbers on the following annual income statements for Baron Pizza, Inc., Note: Use tax rate of 37.5% Barron Pizza, Inc. Abbreviated

Fill in the missing numbers on the following annual income statements for Baron Pizza, Inc., Note: Use tax rate of 37.5% image text in transcribed
Barron Pizza, Inc. Abbreviated Income Statements for the Years Ending 2012-2014 ($ in thousands, except earnings per share) Year Ending Year Ending Year Ending 2014 2013 2012 Account Revenue $ 917,210 $ 946,154 -669,263 $ $ -656,157 $ $ 314,900 169,351 -70,587 $ Cost of goods sold Gross profit Selling, general, and administrative expenses $ Research and development Depreciation Operating income $ -192,911 -3,549 $ -5,411 $ -7,052 $ -34,445 $ $ -35,770 60,468 $ 81,413 Other income $ 603 $ 2,100 EBIT $ 82,420 $ 84,770 Interest expense $ -6,849 $ -8,745 Income before tax $ 74,825 $ 76,025 Taxes $ -20,333 $ -28,059 Net income $ 46,766 $ 47,516 16,737,000 Shares outstanding Earnings per share 16,737,000 2.02 $ 2.79

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

An Introduction To Wavelet Theory In Finance

Authors: Francis In, Sangbae Kim

1st Edition

9814397830, 978-9814397834

More Books

Students also viewed these Finance questions

Question

5. Have you stressed the topics relevance to your audience?

Answered: 1 week ago