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Financial information for BDS Enterprises for the year- ended December 31, 20xx, was gathered from an accounting intern, who has asked for your guidance on
Financial information for BDS Enterprises for the year- ended December 31, 20xx, was gathered from an accounting intern, who has asked for your guidance on how to prepare an income statement format that will be distributed to management. Subtotals and totals are included in the information, but you will need to calculate the values. Gross profit Allocated costs (unc Labor expense 41,550 Sales 1,000 Research and development ( 320 Depreciation expense 18.000 Net income/(loss) Cost of goods sold Total expenses 1,360 T Income tax expense (21% of co Other expenses 310 A. Prepare the income statement using the above information. Round your answers to the nearest dollar. BDS Enterprises Income Statement For the Year Ended Dec. 31, 20xx Total Expenses B. Calculate the profit margin, return on investment, and residual income. Assume an investment base of $100,000 and 6% cost of capital. Round your percentage answers to one decimal place. Profit margin Return on investment tam
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