Following is the income statement information from Apollo Medical Devices. Identify the components that we would consider
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Following is the income statement information from Apollo Medical Devices. Identify the components that we would consider operating.
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($ in thousands) Net sales... Cost of sales before special charges. Special inventory obsolescence charge.. Total cost of sales.... Gross profit...... Selling, general and administrative expense Research and development expense.. Merger and acquisition costs..... In-process research and development charges.. Litigation settlement.... Operating profit Interest expense.. Interest income.. Gain on disposal of fixed assets Impairment of marketable securities Other income (expense), net Earnings before income taxes.. Income tax expense.. Net earnings... 2013 $4,163,770 1,382,235 27,876 1,410,111 2,753,659 1,570,667 531,086 46,914 12,244 16,500 576,248 (57,372) 2,076 4,929 (5,222) (2,857) 517,802 191,587 $ 326,215
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Financial And Managerial Accounting For MBAs
ISBN: 9781618533593
6th Edition
Authors: Peter D. Easton
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