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. (All figures in millions except the tax rate) Year 2013 2014 2015 2016 Common Dividends Interest Expenses Selling & Administrative Expenses Cost Of Goods Sold Other Operating Expenses Tax Rate Sales Common Shares Outstanding $750 $860$860$920 61s 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% 40% 40% 40% 32,000 34,000 36,000 39,000 1,000 1,000 1,000 1,200 193 195 628 628 595 on 170 184 Earnings per share (EPS)- Net Income/Common Shares Outstanding Dividends per share (DPS) Common Dividends/Common Shares Outstanding
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