Question: Determine the contribution margin income statement from the table below Period Ending: 9/25/2021 Total Revenue $365,817,000 Cost of Revenue $212,981,000 Gross Profit $152,836,000 Operating Expenses

Determine the contribution margin income statement from the table below

Period Ending: 9/25/2021
Total Revenue $365,817,000
Cost of Revenue $212,981,000
Gross Profit $152,836,000
Operating Expenses
Research and Development $21,914,000
Sales, General and Admin. $21,973,000
Non-Recurring Items --
Other Operating Items --
Operating Income $108,949,000
Add'l income/expense items $258,000
Earnings Before Interest and Tax $109,207,000
Interest Expense --
Earnings Before Tax $109,207,000
Income Tax $14,527,000
Minority Interest --
Equity Earnings/Loss Unconsolidated Subsidiary --
Net Income-Cont. Operations $94,680,000
Net Income $94,680,000
Net Income Applicable to Common Shareholders $94,680,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!