Question: Income Statement Exercise: Prepare both consolidated income statement and common-size income statement for JACOB for years 2013 through 2016 based on the following scrambled information.
Income Statement Exercise: Prepare both consolidated income statement and common-size income statement for JACOB for years 2013 through 2016 based on the following scrambled information. Use the format provided on the following page, figures in millions except the tax rate) (All 2016 2015 2014 2014 Year $750 $860 $860 $920 628 628 595 615 Common Dividends 7,075 7,200 7,591 7,619 Interest Expenses Selling & Administrative Expenses 14,050 15,000 16,400 17.200 Cost Of Goods Sold 2,871 2,904 3,002 2,995 40% 40%. 40% 40% Other Operating Expenses 31,000 33,000 36,000 39,000 Tax Rate 1,000 1,000 1,000 1,200 Common Shares Outstanding 195 184 Depreciation Earnings per share (EPS) Net Income/Common Shares outstanding Dividends per share (DPs) Common Dividends/common Shares outstanding
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