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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 | $ 110,000,000 | |
Gross Margin | 55.0% | |
Selling General and Administrative (SG&A) | 21.0% | of revenue |
Research and Development (R&D) | 14.0% | of revenue |
Depreciation expense (D&A) | $ 5,000,000 | |
Interest Expense | $ 5,000,000 | |
Interest Income | $ 2,600,000 | |
Tax Rate | 21% | |
Securities Information | ||
Weighted Average Shares (12/31/1X) | 10,000,000 | |
A Warrants exercisable @ $2.00 | 2,000,000 | |
B Warrants exercisable @ $3.00 | 2,500,000 | |
Stock Price (12/31/1X) | $ 5.00 | |
Complete the following Income Statement | ||
Answers go in the yellow boxes | Points | |
Revenue | $ 110,000,000 | |
Cost of Goods Sold | 1 | |
Gross Profit | 1 | |
Operating Expenses | ||
SG&A | 1 | |
R&D | 1 | |
D&A | ||
Operating Expenses Total | 1 | |
Operating Income | 5 | |
Interest Expense, net | 1 | |
Pre Tax Income | 1 | |
Tax | 1 | |
Net Income | 2 | |
EPS Basic | 5 | |
EPS Diluted | 10 | |
Total Points | 30 | |
Use this table (below) to help with your calculations | ||
Diluted Share Calculations |
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