Question: predict the income statement for the company for 2020 using the following data. company is traditional cameras company revenues are declining Year Ended December 31,
predict the income statement for the company for 2020 using the following data. company is traditional cameras company revenues are declining
Year Ended December 31, 2019 2018 Revenues Sales $979 $1,039 Services 263 281 Total net revenues1,242 1,320 Cost of revenues Sales877 946 Services183 194 Total cost of revenues1,060 1,140 Gross profit182 180 Selling, general and administrative expenses211 224 Research and development costs42 48 Restructuring costs and other16 17 Other operating expense, net15 9 Loss from continuing operations before interest expense, pension income excluding service cost component, other charges, net and income taxes(102)(118) Interest expense16 9 Pension income excluding service cost component(104)(131) Other charges, net46 17 Loss from continuing operations before income taxes(60)(13) Provision (benefit) from income taxes31(4) Loss from continuing operations(91)(9) Earnings (loss) from discontinued operations, net of income taxes207 0 NET EARNINGS (LOSS) $116 ($16)
"Basic and diluted (loss) earnings per share attributable to Eastman Kodak Company common shareholders:" Continuing operations($2.58)($0.68) Discontinued operations4.81(0.16) Total $2.23 ($0.84)
Number of common shares used in basic and diluted (loss) earnings per share43.0042.70
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
