Question
Income statement.Fill in the missing numbers on the following annual income statements for Barron Pizza, Inc., LOADING... . Note:Use a tax rate of 37.5%. Complete
Income statement.Fill in the missing numbers on the following annual income statements for Barron Pizza, Inc.,
LOADING...
. Note:Use a tax rate of
37.5%.
Complete the table below:(Round the income statement accounts to the nearest thousand dollars and the earnings per share to the nearest cent. Also, use parentheses or a minus sign for numbers to be subtracted.)
Barron Pizza, Inc. | ||||||
Abbreviated Income Statements for the Years Ending 2012-2014 | ||||||
($ in thousands, except earnings per share) | ||||||
| Year Ending | Year Ending | Year Ending | |||
Account | 2014 | 2013 | 2012 | |||
Revenue | $ | 917,215 | $ | 946,269 | $ |
|
Cost of goods sold | $ |
| $ | -669,375 | $ | -656,242 |
Gross profit | $ | 169,321 | $ |
| $ | 315,041 |
Selling, general, and administrative expenses | $ | -70,434 | $ |
| $ | -192,929 |
Research and development | $ | -5,421 | $ | -7,118 | $ | -3,485 |
Depreciation | $ |
| $ | -34,518 | $ | -35,700 |
Operating income | $ | 60,475 | $ | 81,420 | $ |
|
Other income | $ | 562 | $ |
| $ | 1,779 |
EBIT | $ |
| $ | 82,481 | $ | 84,706 |
Interest expense | $ | -6,720 | $ |
| $ | -8,709 |
Income before tax | $ |
| $ | 74,849 | $ | 75,997 |
Taxes | $ | -20,369 | $ | -28,068 | $ |
|
Net income | $ |
| $ | 46,781 | $ | 47,498 |
Shares outstanding |
| 16,745,000 | $ |
|
| 16,745,000 |
Earnings per share | $ | 2.03 | $ | 2.79 | $ |
|
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