use the following information to make a Common size income statement SalesCost of Goods SoldGross ProfitSelling and G&A ExpensesFixed ExpensesDepreciationEBITInterest ExpenseEarnings Before TaxesTaxesNet IncomeNotes:Tax RateShares OutstandingEarnings per ShareDividends per ShareAddition to RE per Share202212,355,14010,347,8292,007,3111,103,464109,480199,578594,790318,710276,07999,427176,65236%75,000$2.36$0.32$2.03202111,521,2539,733,6231,787,630970,69990,160257,669469,102200,997268,10598,663169,44337.50%65,000$2.61$0.20$2.41 AssetsCashMarketable SecuritiesAccounts ReceivableInventoryTotal Current AssetsGross Plant & EquipmentAccumulated DepreciationNet Plant & EquipmentTotal AssetsLiabilities and Owners' EquityAccounts PayableNotes PayableOther Current LiabilitiesTotal Current LiabilitiesLong-term DebtTotal LiabilitiesCommon Stock (Incl. Paid-in CapitaRetained EarningsTotal Shareholder's EquityTotal Liabilities and Owners' Equity2022283,792207,445532,243515,5611,539,0409,521,2622,157,6147,363,6488,902,6882,022578,805204,72860,339843,8725,580,8766,424,7481,935,810542,1302,477,9408,902,6882021253,15253,080462,75793,829862,8188,089,2801,958,0366,131,2446,994,0622,021437,53953,95048,379539,8694,814,2455,354,1141,250,694389,2541,639,9486,994,062

The income statement is prepared at the end of the accounting year to report profit or loss for the…

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Accounting

use the following information to make a Common size income statement

Financial Management: Theory & Practice

16th Edition

ISBN:9781337909730

Author:Brigham

Publisher:Brigham

Chapter2: Financial Statements, Cash Flow,and Taxes

Section: Chapter Questions

Problem 1Q: Define each of the following terms: Annual report; balance sheet; income statement Common...

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Question

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

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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