Answered step by step
Verified Expert Solution
Question
1 Approved Answer
INCOME STATEMENT Net Sales $10,000,000 Cost of Goods Sold $4,000,000 Gross Profit $6,000,000 Depreciation Expense $1,600,000 S&A Expenses $1,368,000 Operating Income (EBIT) $3,032,000 Interest Expense
INCOME STATEMENT | |
Net Sales | $10,000,000 |
Cost of Goods Sold | $4,000,000 |
Gross Profit | $6,000,000 |
Depreciation Expense | $1,600,000 |
S&A Expenses | $1,368,000 |
Operating Income (EBIT) | $3,032,000 |
Interest Expense | $2,700,000 |
Income before Taxes | $332,000 |
Income Taxes (42%) | $139,440 |
Net Income | $192,560 |
Goodyear Tire & Rubber Co has the income statement shown above. What is the Net Profit Margin? Round your answers.
INCOME STATEMENT | |
Net Sales | $22,000,000 |
Cost of Goods Sold | $9,610,000 |
Gross Profit | $12,390,000 |
Depreciation Expense | $1,600,000 |
S&A Expenses | $832,000 |
Operating Income (EBIT) | $9,958,000 |
Interest Expense | $1,800,000 |
Income before Taxes | $8,158,000 |
Income Taxes (42%) | $3,426,360 |
Net Income | $4,731,640 |
Amgen Inc has the income statement shown above. What is the Earnings Per Share EPS if the firm has 4 million common shares? Round your answers.
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