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 ? ?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Vishnu
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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