Question
Use the following information to complete the income statement for Company A for the year ending December 31, 201X (show work): Income Statement Information Revenue
Use the following information to complete the income statement for Company A for the year ending December 31, 201X (show work):
Income Statement Information
Revenue$125,000,000
Gross Margin: 54.0%
Selling General and Administrative (SG&A):23.0% of revenue
Research and Development (R&D)15.0% of revenue
Depreciation expense (D&A):$5,000,000
Interest Expense: $5,000,000
Interest Income:$2,500,000
Tax Rate:21%
Securities Information
Weighted Average Shares (12/31/1X)10,000,000
A Warrants exercisable @ $2.002,500,000
B Warrants exercisable @ $3.002,500,000
Stock Price (12/31/1X)$5.00
Complete the following Income Statement
Revenue$125,000,000
Cost of Goods Sold:
Gross Profit:
Operating Expenses
SG&A
R&D
D&A
Operating Expenses Total
Operating Income
Interest Expense, net
Pre Tax Income
Tax
Net Income
EPS Basic
EPS Diluted
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