ABC Company has 10,000 shares of common stock outstanding. The company also has the following amounts in revenue and expense accounts.
# of shares outstanding
10,000
Taxes
10,000
Interest expense
10,000
Depreciation expense
10,000
Selling, general and administrative expense
20,000
Sales revenue
100,000
Cost of goods sold
30,000
Calculate
(a) gross profits.
(b) operating profits.
(c) net profits before taxes.
(d) net profits after taxes.
(e) earnings per share.
Tags: