Question
Omega Ltd. provided the following information for the year ended December 31, 20X5: Sales revenue: $150,000 Cost of goods sold: $60,000 Operating expenses: $40,000 Interest
Omega Ltd. provided the following information for the year ended December 31, 20X5:
- Sales revenue: $150,000
- Cost of goods sold: $60,000
- Operating expenses: $40,000
- Interest expense: $5,000
- Tax rate: 25%
Calculate the following for Omega Ltd.: a) Net income b) Earnings per share (assuming 10,000 shares outstanding)
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Accounting Information Systems
Authors: Marshall B. Romney, Paul J. Steinbart
12th edition
132552620, 978-0132552622
