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use the following information to make a Common size income statement

use the following information to make a Common size income statement

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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use the following information to make a Common size income statement 

Sales Cost of Goods Sold Gross Profit Selling and G&A Expenses Fixed Expenses Depreciation EBIT Interest Expense Earnings Before Taxes Taxes Net Income Notes: Tax Rate Shares Outstanding Earnings per Share Dividends per Share Addition to RE per Share 2022 12,355,140 10,347,829 2,007,311 1,103,464 109,480 199,578 594,790 318,710 276,079 99,427 176,652 36% 75,000 $2.36 $0.32 $2.03 2021 11,521,253 9,733,623 1,787,630 970,699 90,160 257,669 469,102 200,997 268,105 98,663 169,443 37.50% 65,000 $2.61 $0.20 $2.41
Transcribed Image Text:Sales Cost of Goods Sold Gross Profit Selling and G&A Expenses Fixed Expenses Depreciation EBIT Interest Expense Earnings Before Taxes Taxes Net Income Notes: Tax Rate Shares Outstanding Earnings per Share Dividends per Share Addition to RE per Share 2022 12,355,140 10,347,829 2,007,311 1,103,464 109,480 199,578 594,790 318,710 276,079 99,427 176,652 36% 75,000 $2.36 $0.32 $2.03 2021 11,521,253 9,733,623 1,787,630 970,699 90,160 257,669 469,102 200,997 268,105 98,663 169,443 37.50% 65,000 $2.61 $0.20 $2.41
Assets Cash Marketable Securities Accounts Receivable Inventory Total Current Assets Gross Plant & Equipment Accumulated Depreciation Net Plant & Equipment Total Assets Liabilities and Owners' Equity Accounts Payable Notes Payable Other Current Liabilities Total Current Liabilities Long-term Debt Total Liabilities Common Stock (Incl. Paid-in Capita Retained Earnings Total Shareholder's Equity Total Liabilities and Owners' Equity 2022 283,792 207,445 532,243 515,561 1,539,040 9,521,262 2,157,614 7,363,648 8,902,688 2,022 578,805 204,728 60,339 843,872 5,580,876 6,424,748 1,935,810 542,130 2,477,940 8,902,688 2021 253,152 53,080 462,757 93,829 862,818 8,089,280 1,958,036 6,131,244 6,994,062 2,021 437,539 53,950 48,379 539,869 4,814,245 5,354,114 1,250,694 389,254 1,639,948 6,994,062
Transcribed Image Text:Assets Cash Marketable Securities Accounts Receivable Inventory Total Current Assets Gross Plant & Equipment Accumulated Depreciation Net Plant & Equipment Total Assets Liabilities and Owners' Equity Accounts Payable Notes Payable Other Current Liabilities Total Current Liabilities Long-term Debt Total Liabilities Common Stock (Incl. Paid-in Capita Retained Earnings Total Shareholder's Equity Total Liabilities and Owners' Equity 2022 283,792 207,445 532,243 515,561 1,539,040 9,521,262 2,157,614 7,363,648 8,902,688 2,022 578,805 204,728 60,339 843,872 5,580,876 6,424,748 1,935,810 542,130 2,477,940 8,902,688 2021 253,152 53,080 462,757 93,829 862,818 8,089,280 1,958,036 6,131,244 6,994,062 2,021 437,539 53,950 48,379 539,869 4,814,245 5,354,114 1,250,694 389,254 1,639,948 6,994,062
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