Prepare an income statement for the Franklin kite Co. Take your calculations all the way to comparing earnings per share. Sales……………………………………………......$900,000 Shares outstanding………………………………….…50,000 Cost of Goods sold…………………………………...400,000 Interest Expense……………………………………….40,000 Selling and Administrative expense……………………60,000 Depreciation expense………………………………….20,000 Preferred stock dividends………………………….…...80,000 Taxes……………………………………………………50,000
Prepare an income statement for the Franklin kite Co. Take your calculations all the way to comparing earnings per share. Sales……………………………………………......$900,000 Shares outstanding………………………………….…50,000 Cost of Goods sold…………………………………...400,000 Interest Expense……………………………………….40,000 Selling and Administrative expense……………………60,000 Depreciation expense………………………………….20,000 Preferred stock dividends………………………….…...80,000 Taxes……………………………………………………50,000
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Prepare an income statement for the Franklin kite Co. Take your calculations all the way to comparing earnings per share.
Sales……………………………………………......$900,000
Shares outstanding………………………………….…50,000
Cost of Goods sold…………………………………...400,000
Interest Expense……………………………………….40,000
Selling and Administrative expense……………………60,000
Taxes……………………………………………………50,000
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