Question: From the following information, construct a simple income statement and a balance sheet: Round your answer for earnings per share to the nearest cent. Corporation
From the following information, construct a simple income statement and a balance sheet: Round your answer for earnings per share to the nearest cent.
Corporation X:
Income Statement for the Year Ended XXXXXX
Sales $
Cost of goods sold
Other expenses
Earnings before interest and taxes
Interest expense
Earnings before taxes
Taxes
Net earnings
$
Number of shares outstanding
Round your answer for earnings per share to the nearest cent.
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