Question: Income Statement Exercise: JACOB for years 2013 through 2016 based on the following scrambled information. Use the format Prepare both consolidated income statement and common-size
Income Statement Exercise: JACOB for years 2013 through 2016 based on the following scrambled information. Use the format Prepare both consolidated income statement and common-size income statement for provided on the following page. (All figures in millions except the tax rate) 2013 2014 2015 2016 Year $750 $860 $860 $920 615 Common Dividends Interest Expenses Selling & Administrative Expenses Cost Of Goods Sold Other Operating Expenses Tax Rate Sales Common Shares Outstanding Depreciation 628 628 595 7,075 7,200 7,591 7.619 14,050 15,000 16,400 17,200 2,871 2,904 3,002 2,995 40% 32,000 34,000 36,000 39,000 1,000 1,000 1,000 1,200 195 40% 40% 40% 170 184 193 Earnings per share (EPS)-Net Income/Common Shares Outstanding Dividends per share (DPS) = Common Dividends/Common Shares Outstanding
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