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The following data were taken from the year-end records of Nomura Export Company: Statement of Earnings Items Year 1 Year 2 $ 233,000 Sales revenue Cost of sales Gross profit Operating expenses Earnings before income taxes Income tax expense (20%) Net earnings Earnings per share (10,000 shares outstanding) Statement of Earnings Items Sales revenue Cost of sales Gross profit Operating expenses Earnings before income taxes Income tax expense (20%) Net earnings Earnings per share (10000 shares) Year 1 32,250 32,250 ? 68% Required: Fill in all of the missing amounts. (Round "Earnings per share" to 2 decimal places.) 4.30 ? ? 4.30 $ Year 2 233,000 ? 30% 58,000 58,000 ? ?

The following data were taken from the year-end records of Nomura Export Company: Statement of Earnings Items Year 1 Year 2 $ 233,000 Sales revenue Cost of sales Gross profit Operating expenses Earnings before income taxes Income tax expense (20%) Net earnings Earnings per share (10,000 shares outstanding) Statement of Earnings Items Sales revenue Cost of sales Gross profit Operating expenses Earnings before income taxes Income tax expense (20%) Net earnings Earnings per share (10000 shares) Year 1 32,250 32,250 ? 68% Required: Fill in all of the missing amounts. (Round "Earnings per share" to 2 decimal places.) 4.30 ? ? 4.30 $ Year 2 233,000 ? 30% 58,000 58,000 ? ?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following data were taken from the year-end records of Nomura Export Company: Statement of Earnings Items Year 1 Sales revenue Cost of sales Gross profit Operating expenses Earnings before income taxes Income tax expense (20%) Net earnings Earnings per share (10,000 shares outstanding) Statement of Earnings Items Sales revenue Cost of sales Gross profit Operating expenses Earnings before income taxes Income tax expense (20%) Net earnings Earnings per share (10000 shares) ? 68% ? 32,250 ? ? ? 4.30 Required: Fill in all of the missing amounts. (Round "Earnings per share" to 2 decimal places.) t Year 1 32,250 Year 2 $233,000 4.30 Year 2 $ 233,000 ? 30% ? 58,000 ? ? ? 58,000
Transcribed Image Text:The following data were taken from the year-end records of Nomura Export Company: Statement of Earnings Items Year 1 Sales revenue Cost of sales Gross profit Operating expenses Earnings before income taxes Income tax expense (20%) Net earnings Earnings per share (10,000 shares outstanding) Statement of Earnings Items Sales revenue Cost of sales Gross profit Operating expenses Earnings before income taxes Income tax expense (20%) Net earnings Earnings per share (10000 shares) ? 68% ? 32,250 ? ? ? 4.30 Required: Fill in all of the missing amounts. (Round "Earnings per share" to 2 decimal places.) t Year 1 32,250 Year 2 $233,000 4.30 Year 2 $ 233,000 ? 30% ? 58,000 ? ? ? 58,000
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