Use the information below to build a properly formatted income statement. A: The firm has 12,640,500 shares outstanding and EPS is $3.20.Calculate  Net Income . B: The firm's corporate tax rate is 40%. Calculate the firm's EBT. C: After completing A and B above, what is the firm's corporate tax expense? D: The firm's  Revenue  is $183,600,000 and its operating margin is 45.00%. Calculate EBIT. E: After completing the above: Gross Profit  is 1.65 times its  EBIT . Calculate Gross Profit . F: Given the above information, calculate the firm's  Operating Expenses . G: Given the above information, calculate the firm's  Interest Expense .

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Use the information below to build a properly formatted income statement.

A: The firm has 12,640,500 shares outstanding and EPS is $3.20.Calculate  Net Income .

B: The firm's corporate tax rate is 40%. Calculate the firm's EBT.

C: After completing A and B above, what is the firm's corporate tax expense?

D: The firm's  Revenue  is $183,600,000 and its operating margin is 45.00%. Calculate EBIT.

E: After completing the above: Gross Profit  is 1.65 times its  EBIT . Calculate Gross Profit .

F: Given the above information, calculate the firm's  Operating Expenses .

G: Given the above information, calculate the firm's  Interest Expense .

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