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Financial Accounting for Executives and MBAs (3rd Edition) : Chapter 12, problem 20E, how are the values calculated? 12 E12.20 Consolidated Statement of Earnings Proforma

image text in transcribedFinancial Accounting for Executives and MBAs (3rd Edition) : Chapter 12, problem 20E, how are the values calculated?

12 E12.20 Consolidated Statement of Earnings Proforma Statement of Earnings 2013 2010 2011 2012 2014 Sales to customers Cost of Goods Sold Gross Profit 29,172 8,957 32,317 9,581 36,298 10.447 25,851 40654 12196 28458 45533 -13660 31873 20,215 22,736 SG&A Expenses Research Exp Purchased IN-Process R&D Interest income Interest Expense Other income)expense, net 11,260 3,591 105 456) 153 185 14,838 7,898 2,230 12,216 3,957 189 256) 160 294 16,560 9,291 2,694 10,495 3,105 5009 429) 204 (94) 13,347 6,868 1,915 407 162 455 162 TOTAL Expenses Earnings b/4 taxes Income Taxes 9595 2783 10766 3122 Net Earnings 4,953 5,668 6,597 6812 7644 Basic net earnings per share Diluted net earnings per share 1.65 1.61 1.87 1.84 2.20 2.16

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