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Unable to figure out whats wrong Income statement. Construct the Barron Pizza, Inc. income statement for the year ending 2015 with the following information (the
Unable to figure out whats wrong
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: 16,686,000 Tax rate: 37.5% Interest exponse: $6,153 Revenue: $889,337 Depreciation: $31,340 Selling, general, and administrative expense: $77,500 Other income: $1.122 Research and development: $4,000 Cost of goods sold: $750 608 Note: Enter all expenses as negative numbers Income Statement Barron Pizza, Incorporated Year Ending 2015 ($ in thousands, except earnings per share) $ , Revenue $ 889337 Cost of goods sold $ -750608 Gross profit $ 138729 Selling general, and administrative expenses $ $ -77500 Research and development $ $ -4008 Depreciation $ -31340 Operating income $ 29889 Other Income $ 1122 EBIT $ 31011 Interest expenso $ -6153 $ 24858 Income before lax Taxes $ -9322 Net income $1 15536 Shares outstanding 16686000 Earnings per share $1 0.15Step by Step Solution
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