Answered step by step
Verified Expert Solution
Question
1 Approved Answer
P14-2 (similar to) Income statement. Construct the Barron Pizza, Inc. income statement for the year ending 2015 with the following information (the dollar amounts are
P14-2 (similar to) 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: 16,679,000 Tax rate: 37.5% Interest expense: $6,180 Revenue: $889,434 Depreciation: $31,363 Selling, general, and administrative expense: $77,595 Other income: $1,123 Research and development: $4,091 Cost of goods sold: $750,684 Note: Enter all expenses as negative numbers. (Round 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 (in thousands, except earnings per share) GA Gross profit $ $ $ $ Operating income $ $ |EBIT $ $ Income before tax $ $ Net income $ Shares outstanding Earnings per share Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clear All P14-3 (similar to) Balance sheet. Fill in the missing information on the annual balance sheet statements for Barron Pizza, Inc., E: Complete the table below for the assets part of the balance sheet: (Round to the nearest thousand dollars.) x Data Table Barron Pizza, Inc. Balance Sheet as of December 31, 2012, 2013, and 2014 ($ in thousands) 2013 2012 LIABILITIES ASSETS 2014 2014 2013 2012 Current Assets Current liabilities Cash $ 7,033 $ 9,344 $ $ $ 74,399 $ 66,129 17,569 Accounts payable 25,879 Short-term debt Accounts receivable S 26,716 $ $ $ 198 $ $ 237 $ $ 16,239 $ 12,594 Total current liabilities S 80,979 $ 74,785] $ Inventory Other current assets $ 11,557) $ 10,900 $ $ 60,954 $ $ 185,047 20,2101 Total current assets $ 62,417) $ Long-term debt 65,182 Other liabilities 20.975 Total liabilities 57,305) $ $ $ 28.929 $ Long-term investments $ 19,008 $ $ S 187,942 $ 243,419 $ OWNERS' EQUITY Net plant, property and equipment Goodwill s 203,817| 223,532 $ Common stock $ $ 102,328 $ 102,160 $ 13,672 $ $ 39,353 $ 48,720 $ 13,863 $ Other assets $ 13.294 $ 48,135 Retained earnings 13,982 Total owners' equity TOTAL LIABILITIES S S $ TOTAL ASSETS S 347,275 $ 365,414 $ 387,455 AND OWNERS' EQUITY $ 347,275 $ 365,414 $ Print Done Enter any number in the edit fields and then click Check Answer. part remaining Clear All
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