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Income statement.Fill in the missing numbers on the following annual income statements for

Income statement.Fill in the missing numbers on the following annual income statements for

Income statement.Fill in the missing numbers on the following annual income statements for Barron Pizza, Inc.,

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Note:Use a tax rate of

37.5 %37.5%.

Complete the table below:(Round the income statement accounts to the nearest thousand dollars and the earnings per share to the nearest cent. Also, use parentheses or a minus sign for numbers to be subtracted.)

Barron Pizza, Inc.

Abbreviated Income Statements for the Years Ending 202014

($ in thousands, except earnings per share)

Year Ending

Year Ending

Year Ending

Account

2014

2013

2012

Revenue

$

917,379

$

946,210

$

Cost of goods sold

$

$

-669,224

$

-656,296

Gross profit

$

169,407

$

$

314,937

Selling, general, and administrative expenses

$

-70,502

$

$

-193,026

Research and development

$

-5,325

$

-7,088

$

-3,498

Depreciation

$

$

-34,537

$

-35,701

Operating income

$

60,594

$

81,349

$

Other income

$

688

$

$

2,005

EBIT

$

$

82,556

$

84,717

Interest expense

$

-6,885

$

$

-8,850

Income before tax

$

$

74,702

$

75,867

Taxes

$

-20,399

$

-28,013

$

Net income

$

$

46,689

$

47,417

Shares outstanding

16,735,000

$

16,735,000

Earnings per share

$

2.03

$

2.79

$

Barron Pizza, Inc.

Abbreviated Income Statements for the Years Ending 202014

($ in thousands, except earnings per share)

 

Year Ending

Year Ending

Year Ending

Account

2014

2013

2012

Revenue

$

917,379

$

946,210

$

 

Cost of goods sold

$

 

$

-669,224

$

-656,296

Gross profit

$

169,407

$

 

$

314,937

Selling, general, and administrative expenses

$

-70,502

$

 

$

-193,026

Research and development

$

-5,325

$

-7,088

$

-3,498

Depreciation

$

 

$

-34,537

$

-35,701

Operating income

$

60,594

$

81,349

$

 

Other income

$

688

$

 

$

2,005

EBIT

$

 

$

82,556

$

84,717

Interest expense

$

-6,885

$

 

$

-8,850

Income before tax

$

 

$

74,702

$

75,867

Taxes

$

-20,399

$

-28,013

$

 

Net income

$

 

$

46,689

$

47,417

Shares outstanding

 

16,735,000

$

 

 

16,735,000

Earnings per share

$

2.03

$

2.79

$

 

             

 

Abhinav 04-Dec-2019

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