Lill ule yearF with a simple capital structure consisting L04 0 shares of outsta

Question

Lill ule yearF with a simple capital structure consisting L04 0 shares of outstanding common stock. On April 1,5,000 additional common shares were 240,00 issued, and another 30,000 common shares were issued on August 1. The company had net income for the year of $589,375. Calculate the earnings per share of comm share of common stock Comparative Income Statements Consider the following income statement data from the Ross Company E13-3A. LO2 2016 2015 7,800 5,400 a. Prepare a comparative income statement, showing increases and decreases in dollars and in percentages. b. Comment briefly on the changes between the two years. Common-Size Income Statements Refer to the income statement data given in Exercise E13-3A. a. Prepare common-size income statements for each year b. Compare the common-size income statements and comment briefly E13-4A. LO3 E13-5A. Ratios Analyzing Firm Profitability The following information is available for Buht

Explanation / Answer

a) Prepare comparative income statement :

2) Second year income is increase in very significantly

2016 2015 Change in amount Change in percentage Sales revenue 550000 450000 100000 22.22% Cost of goods sold 336000 279000 57000 20.43% Gross profit 214000 171000 43000 25.15% Selling expenses 105000 99000 6000 6.06% Administrative expenses 60000 50000 10000 20% Income before tax 49000 22000 27000 122.73% Income tax expenses 7800 5400 2400 44.44% Income from operation 41200 16600 24600 148.19%

Related Questions

Navigate

• Browse (All)
• Browse L
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.