Question
Income statement. Construct the Barron Pizza, Inc. income statement for the year ending 2015 with the following information (the dollar amounts are in thousands of
Income statement.Construct the Barron Pizza, Inc. income statement for the year ending 2015 with the following information (the dollar amounts are in thousands of dollars):
Shares outstanding:16 comma 657 comma 00016,657,000
Tax rate:37.5 %37.5%
Interest expense:
$6 comma 0606,060
Revenue:
$889 comma 409889,409
Depreciation:
$31 comma 22031,220
Selling, general, and administrative expense:
$77 comma 51377,513
Other income:
$1 comma 3001,300
Research and development:
$4 comma 0784,078
Cost of goods sold:
$750 comma 616750,616
Note:Enter all expenses as negative numbers
PLEASE HELP ME TO CREATE AN INCOME STATEMENT FOR THIS. (in order):
Revenue
COGS
Gross Profit
Selling, General, & Admin
Research & Development
Depreciation
Operating Income
EBIT
Interest Expense
Income before tax
Taxes
Net income
Shares outstanding
Earnings per share
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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