Prepare an income statement for Franklin Kite Co. Carry your calculations down to calculating earnings per share.
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Prepare an income statement for Franklin Kite Co. Carry your calculations down to calculating earnings per share. (Round EPS answer to 2 decimal places.)
Sales $1,680,000
Shares outstanding 154,000
Cost of goods sold 700,000
Interest expense 20,000
Selling and administrative expenses 45,000
Depreciation expense 35,000
Preferred stock dividends 84,000
Taxes 116,000
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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