214-750 Alalay. North Texas Pering Greer, Laura Rinehart, Brian 214-696-5757 CONSOLIDATED STATEMENTS OF OPERATIONS Years ended October 31 2017 Nct sales Cost and expenses Cost of sales Gross Profit 3,342,226 2,700,684 641,542 2016 2,816,057 2,362,056 454.001 159,890 Selling, general and administrative exp. 216,303 425,239 294,111 Operating income Other income (expense): Interest income 1,167 244 Interest expense -1.886 -1.708 Other 10 30 -709 -1,434 292,677 Income before income taxes 424,530 144,785 103,716 $279,745 $188,961 Income tax expense Net income Earnings per share: Basic Diluted Dividends per share $12.30 $8.37 $12.30 $8.37 $2.04 $1.90 Budgeting. Create a budget for the following project: CONSOLIDATED STATEMENTS OF OPERATIONS Years eaded October 31, 2017 Net sales Cost and expenses: 2016 3,342.226 Cost of sales 2,700,684 2,816,057 2,362,056 454,001 Gross Profit 641,542 Selling, general and administrative exp. 216,303 159,890 425,239 294,111 Operating income Other income (expense): Interest income 1,167 244 Interest expense -1,886 -1.708 Other 10 30 -709 -1,434 Income before income taxes 424,530 292,677 Income tax expense 144,785 103,716 $279,745 $188,961 Net income Earnings per share: Basic Diluted $8.37 $12.30 $12.30 $8.37 $2.04 $1.90 Dividends per share Budgeting. Create a budget for the following project: er Company plans on purchasing new equipment to retool its manufacturi will involve the acquisition of cauinment installation of the new e 214-750 Alalay. North Texas Pering Greer, Laura Rinehart, Brian 214-696-5757 CONSOLIDATED STATEMENTS OF OPERATIONS Years ended October 31 2017 Nct sales Cost and expenses Cost of sales Gross Profit 3,342,226 2,700,684 641,542 2016 2,816,057 2,362,056 454.001 159,890 Selling, general and administrative exp. 216,303 425,239 294,111 Operating income Other income (expense): Interest income 1,167 244 Interest expense -1.886 -1.708 Other 10 30 -709 -1,434 292,677 Income before income taxes 424,530 144,785 103,716 $279,745 $188,961 Income tax expense Net income Earnings per share: Basic Diluted Dividends per share $12.30 $8.37 $12.30 $8.37 $2.04 $1.90 Budgeting. Create a budget for the following project: CONSOLIDATED STATEMENTS OF OPERATIONS Years eaded October 31, 2017 Net sales Cost and expenses: 2016 3,342.226 Cost of sales 2,700,684 2,816,057 2,362,056 454,001 Gross Profit 641,542 Selling, general and administrative exp. 216,303 159,890 425,239 294,111 Operating income Other income (expense): Interest income 1,167 244 Interest expense -1,886 -1.708 Other 10 30 -709 -1,434 Income before income taxes 424,530 292,677 Income tax expense 144,785 103,716 $279,745 $188,961 Net income Earnings per share: Basic Diluted $8.37 $12.30 $12.30 $8.37 $2.04 $1.90 Dividends per share Budgeting. Create a budget for the following project: er Company plans on purchasing new equipment to retool its manufacturi will involve the acquisition of cauinment installation of the new e
