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Please let me know if I am doing this calculation correctly. Thank you. Alberta Playground Inc. Income Statement (5000) Years Ended March 31 Revenues Cost
Please let me know if I am doing this calculation correctly. Thank you.
Alberta Playground Inc. Income Statement (5000) Years Ended March 31 Revenues Cost of sales, selling and administrative expenses Depreciation and amortization expense Operating profit Interest on long-term debt Other expenses Earnings before income taxes Income taxes Profit 2020 2019 $6,225,470 $6,010,582 5,275,330 5,158,511 109,832 118,506 840,388 733,565 23, 811 30,501 16,263 7,161 800,234 695,903 206,715 170,789 $ 593,519 $ 525,114 2019 ALBERTA PLAYGROUND INC. Common-Size Comparative Income Statement Years ended March 31, 2020 and March 31, 2019 2020 (96) Revenues 100.00 Cost of sales and selling, general and administrative 85.00 Depreciation and amortization expense 2.00 Operating profit 13.00 Interest on long-term debt - 0.00 Other expenses 0.00 Profit before income taxes 13.00 Income taxes 3.00 Profit 10.00 (%) 100.00 86.00 2.00 12.00 1.00 2020 6,225,470 5,275,330 109,832 (%) 100% 85% 2% (%) 100% 86% 0.00 2% 12.00 3.00 9.00 13% Revenues Cost of Sales, Selling admin exp Depreciation/amortization expense / Operating profit Interest on long-term dept Other expenses Earnings before income taxes Income taxes 2019 6,010,582 5,158,511 118,506 733,565 30,501 7,161 695,903 170,789 0% 0% 840,308 23,811 16,263 800,234 206,715 593,519 12% 1% 0% 0 13% 12% 3% 3% Profit 10% 525,114 9%Step by Step Solution
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