Prepare both consolidated income statement and common-size income statement for JACOB for years 2018 through 2021 based on the following scrambled information. Use the
Prepare both consolidated income statement and common-size income statement for JACOB for years 2018 through 2021 based on the following scrambled information. Use the format provided on the following page. (All figures in millions except the tax rate) Year Common Dividends Interest Expenses Selling & Administrative Expenses Cost Of Goods Sold Other Operating Expenses Tax Rate Sales Common Shares Outstanding Depreciation 2018 $750 628 7,075 14,050 2,871 40% 31,000 1,000 170 2019 $860 628 7,200 15,000 2,904 40% 2020 184 $860 595 7,591 16,400 3,002 40% 33,000 36,000 1,000 1,000 193 Earnings per share (EPS) = Net Income/Common Shares Outstanding Dividends per share (DPS) - Common Dividends/Common Shares Outstanding 2021 $920 615 7,619 17,200 2,995 40% 39,000 1,20 195 Common-Size Income Statement Spreadsheet Example ASSIGNMENT # Sales Cost Of Goods Sold Gross Profits Selling & Administrative Expenses Depreciation Other Operating Expenses Total Operating Expense JACOB CORPORATION COMMON-SIZE INCOME STATEMENT 2018-2021 Earnings Before Interest & Taxes (EBIT) or Operating Profits Interest Expense Earnings Before Taxes (EBT) Taxes @40% Net Income Common Dividends NAME: LAB TIME: Addition to Retained Earnings 2018 2019 2020 2021 formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula
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