Problem Set One

Prepare an income statement from the following information and answer questions $1-4.$

M$.$ Banuelos Inc. reported the following items for the current year: Sales $=$$$6,730,000$; Cost of Goods Sold $=$$$3,330,000$; Depreciation Expenses $=$$$175,000$; Taxes $=$$$445,150$; Administrative Expenses $=$ $$185,000$; Interest Expense $=$$$77,000$; and Marketing Expenses $=$ $$155,000.$

M$.$ Banuelos' gross profit is equal to points$)$

M$.$ Banuelos' operating income $($EBIT$)$ is equal to

$(1\mathrm{.}5$ points$)$

s$.$ M$.$ banuelos' operating profit margin is equal to

$.(1\mathrm{.}5$ points$)$

M$.$ Banuelos' net income is equal to points$)$Problem Set One

Prepare an income statement from the following information and answer questions $1-4.$

M$.$ Banuelos Inc. reported the following items for the current year: Sales $=$$$6,730,000$; Cost of Goods Sold $=$$$3,330,000$; Depreciation Expenses $=$$$175,000$; Taxes $=$$$445,150$; Administrative Expenses $=$ $$185,000$; Interest Expense $=$$$77,000$; and Marketing Expenses $=$ $$155,000.$

M$.$ Banuelos' gross profit is equal to points$)$

M$.$ Banuelos' operating income $($EBIT$)$ is equal to

$(1\mathrm{.}5$ points$)$

s$.$ M$.$ banuelos' operating profit margin is equal to

$.(1\mathrm{.}5$ points$)$

M$.$ Banuelos' net income is equal to points$)$