Question: Q4. Based on the data below, A) prepare an income statement for Alpha Co. for the year ended December 31, 2018. B). Use your results

 Q4. Based on the data below, A) prepare an income statement

Q4. Based on the data below, A) prepare an income statement for Alpha Co. for the year ended December 31, 2018. B). Use your results to find out: 1. Gross profit margin, 2. operating profit margin, 3. Net profit margin. C). Show the common-size income statement. D) find EPS E) What is wrong in the question? Current assets= $ 2,050,000 Retained earnings $120,000 Cost of goods sold $8.050.050 Marketing and advertising expenses $ 120,101 sales expenses $1,300,014 marketable securities $ 300,600 Accounts receivable $250,000 Inventory $ 6,500 Administrative expenses $1,200,000 Depreciation $ 500,004 Financing expenses $1,100,120 Sales $18,000,900 Taxes 10% Note: number of outstanding shares - 1,000,000

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