Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

I have seen that this question has already been posted but none of the answers are correct. If you could show the calculations that would

image text in transcribed I have seen that this question has already been posted but none of the answers are correct. If you could show the calculations that would be helpful. Thanks so much
image text in transcribed
CWU AUR M Edpuzzle Business 110 look Microsoft Office Ho Wing AUSTING Consolidated Income Statements (in thousands except per share amounts) Three fiscal years ended December 31, 2019 2018 2017 $9,188,748 $7,976,954 $7,086,542 Sales Costs and expenses: $6,844,915 564,303 $3,991,337 602,135 Cost of goods sold Research and development Selling, general, and administrative Restructuring costs and other 1,384,111 (126,855) $8,666,474 $5,248,834 664,564 1,632,362 320,856 $7,866,616 1,637,262 50,000 56,280,734 $522,274 5805,808 Operating income Interest and other income, net Income before income taxes $110.338 29,321 (21,988) $500,286 190, 108 49,634 $855,442 325,069 $530,373 $139,659 53,070 $86,589 Provision for Income taxes Net Income $310,178 Earnings per common and common equivalent share $2.61 $0.73 $4.33 118,735 119,125 122.490 Common and common equivalent shares used in the calculations of earnings per share Required: Prepare common size income statements for horizontal analysis. Enter your answers in percentage terms, rounded to two decimal places, and do not include the won with your answer. For example, "100.00" or *28.72'. For those boxes in which underlying dollar amount is shown as negative, use a minus sign. You do not need to indude the actual donar amounts shown above. Wingerring Consolidated Income Statements (in thousands except per share amounts) Three fiscal years ended December 31, 2019 2018 2017 Sales 9,188,748 7.076,954 $7,086,542 Costs and expenses Cost of goods sold 56,844,915 $5,248,034 $3,991,337 Research and development 564,103 654,564 602,135 Selling general, and administrative 1,384,111 1,632.362 1.637,262 Restructuring costs and other (126,855) 320,056 50,000 58.666,474 37.866.616 36,280,734 Operating income 5522,274 $110,338 5805,000 Interest and other income, net (21,960) 20,321 49,634 Income before income taxes $500.286 $139,659 55,442 Provision for income taxes 190, 100 53,070 325,069 Net Income $310,175 $86,569 $530,373 $2.01 Earnings per common and common equivalent share $0.73 54.33 Common and common equivalent shares used in the 119.125 122.400 calculations of earnings per share 118,735 Required: Prepare common sive income statements for horizontal analysis. Enter your answers in percentage terms, rounded to two decimal places, and do not indude the sign with your answer. For example, "100.00" or "28.72". For those boxes in which underlying dollar amount is shown as negative, use a minus sign. You do not need to include the actual dollar amounts shown above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Managerial Accounting

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

13th Edition

978-0697789938

Students also viewed these Accounting questions