1. Income statement. Fill in the missing numbers on the following annual income statements for Barron...
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1. Income statement. Fill in the missing numbers on the following annual income statements for Barron Pizza, Inc. Barron Pizza, Inc. Abbrevlated Income Statements for the Years Ending 2015-2017 (S in thousands, except eamings per share) Account Year Ending 2017 Year Ending 2016 Year Ending 2015 Revenue $917,378 $946,219 Cost of goods sold $669,382 $656,215 Gross profit $169,441 $315,017 Selling, general, and administrative expenses $ 70,505 $ 193,000 Research and development $ 5,469 $ 7,129 $ 3,521 Depreciation $ 34,579 $ 35,713 Operating income $ 60,540 $ 81,427 Other income 24 672 1,958 EBIT $ 82,553 $ 84,741 Interest expense $ 6,851 8,857 Income before tax $ 74,876 $ 75,884 Taxes $ 20,385 $ 28,079 Net income $ 46,797 $ 47,245 Shares outstanding 16,740,000 16,740,000 Earnings per share $ 2.03 2$ 2.78 2. Income statement. Construct the Barron Pizza, Inc. income statement for the year ending 2018 with the following information: Shares outstanding: 16,740,000 Tax rate: 37.5% Interest expense: $6,114 Revenue: $889,416 Depreciation: $31,354 Selling, general, and administrative expense: $77,572 Other income: $1,253 Research and development: $4,196 Cost of goods sold: $750,711 1. Income statement. Fill in the missing numbers on the following annual income statements for Barron Pizza, Inc. Barron Pizza, Inc. Abbrevlated Income Statements for the Years Ending 2015-2017 (S in thousands, except eamings per share) Account Year Ending 2017 Year Ending 2016 Year Ending 2015 Revenue $917,378 $946,219 Cost of goods sold $669,382 $656,215 Gross profit $169,441 $315,017 Selling, general, and administrative expenses $ 70,505 $ 193,000 Research and development $ 5,469 $ 7,129 $ 3,521 Depreciation $ 34,579 $ 35,713 Operating income $ 60,540 $ 81,427 Other income 24 672 1,958 EBIT $ 82,553 $ 84,741 Interest expense $ 6,851 8,857 Income before tax $ 74,876 $ 75,884 Taxes $ 20,385 $ 28,079 Net income $ 46,797 $ 47,245 Shares outstanding 16,740,000 16,740,000 Earnings per share $ 2.03 2$ 2.78 2. Income statement. Construct the Barron Pizza, Inc. income statement for the year ending 2018 with the following information: Shares outstanding: 16,740,000 Tax rate: 37.5% Interest expense: $6,114 Revenue: $889,416 Depreciation: $31,354 Selling, general, and administrative expense: $77,572 Other income: $1,253 Research and development: $4,196 Cost of goods sold: $750,711
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Account 2017 2016 2015 Revenue 917378 946219 k COGS ... View the full answer
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Using Financial Accounting Information The Alternative to Debits and Credits
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Fill in the missing numbers on the following annual income statements for Barron Pizza Inc.
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