Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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: $16,731,000

Tax rate: 37.5%

Interest expense: $6,126

Revenue: $889,301

Depreciation: $31,382

Selling, general, and administrative expense: $77,503

Other income: $1,247

Research and development: $4,191

Cost of goods sold: $750,714

Note:Enter all expenses as negative numbers.

(Round the income statement accounts to the nearest thousand dollars and the earnings per share to the nearest cent. Also, use a minus sign for numbers to be subtracted.)

Income Statement

Barron Pizza, Incorporated

Year Ending 2015 (thousands of dollars)

$

$

Gross profit

$

$

$

$

Operating income

$

$

EBIT

$

$

Income before tax

$

$

Net income

$

Shares outstanding

Earnings per share

$

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M. Datar, George Foster

11th Edition

013099619X, 978-0130996190

More Books

Students also viewed these Accounting questions

Question

=+Is it a site that explores new technology?

Answered: 1 week ago

Question

=+Where can you initiate a dialogue (when appropriate)?

Answered: 1 week ago

Question

=+ Does this site have scientific, medical, or legal advice?

Answered: 1 week ago