Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Heavy Equipment and Machinery Inc. Wajax Corporation Statement of Income Statement of Income For Year-ended December 31, 2019 For Year-ended December 30, 2018 Common Size
Heavy Equipment and Machinery Inc. Wajax Corporation Statement of Income Statement of Income For Year-ended December 31, 2019 For Year-ended December 30, 2018 Common Size (%) Revenues$743,931,000100.00% Revenues1,481,597100% Cost of sales560,000,00075.28% Cost of sales1,209,33081.62% Gross profit183,931,00024.72% Gross profit272,26718.38% Selling and administrative expenses138,000,00018.55% Selling and administrative expenses209,52214.14% Earnings before finance costs and income taxes45,931,0006.17% Restructuring and other related cost4,1430.28% Finance costs2,078,7830.28% Earnings before finance costs and income taxes58,6023.96% Earnings before income taxes43,852,2175.89% Finance costs8,7750.59% Income tax expense25,000,0003.36% Earnings before income taxes49,8273.36% Net income$ 18,852,2172.53% Income tax expense13,9750.94% Net income35,8522.42% EPS Price Earnings Ratio
Compute for the earnings per share and Price Earnings Ratio.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started