AAA COMPANY INCOME STATEMENT YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 780,401.0 REVENUE 950,001.00 1,503,200.00 3,501,005.00 5,500,001.00 780,401.0 1,503,200.0 3,501,005.0 5,500,001.0 TOTAL REVENUE 950,001.00 0 250,555.0 COST OF REVENUE. TOTAL 355,666.00 1,502,484.0 2,574,149.0 GROSS PROFIT ? 717,978.00 250,000.0 SELLING/GENERAL/ADMIN EXPENSE. TOTAL 260,012.00 310,159.00 490,148.00 560,250.00 RESEARCH & DEVELOPMENT 50,000.00 60,258.00 70,582.00 201,999.00 249,015.00 DEPRECIATION & AMORTIZATION 15,000.00 25,152.00 35,025.00 721,079.00 814,726.00 1,900.00 OPERATING INCOME INTEREST EXPENSE 1,800.00 213,346.0 INCOME BEFORE TAX 247,313.00 300,512.00 INCOME TAX. TOTAL 53,200.00 160,146.0 75,258.00 85,202.00 95,225.00 152,000.00 NET INCOME 172,055.00 215,310.00 RATIOS YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 GROSS PROFIT RATIO ? ? OPERATING RATIO ? ? ? NET PROFIT RATIO ? ? TAX RATIO ? INTEREST COVERAGE RATIO ? ? ? ? ?

AAA COMPANY INCOME STATEMENT YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 780,401.0 REVENUE 950,001.00 1,503,200.00 3,501,005.00 5,500,001.00 780,401.0 1,503,200.0 3,501,005.0 5,500,001.0 TOTAL REVENUE 950,001.00 0 250,555.0 COST OF REVENUE. TOTAL 355,666.00 1,502,484.0 2,574,149.0 GROSS PROFIT ? 717,978.00 250,000.0 SELLING/GENERAL/ADMIN EXPENSE. TOTAL 260,012.00 310,159.00 490,148.00 560,250.00 RESEARCH & DEVELOPMENT 50,000.00 60,258.00 70,582.00 201,999.00 249,015.00 DEPRECIATION & AMORTIZATION 15,000.00 25,152.00 35,025.00 721,079.00 814,726.00 1,900.00 OPERATING INCOME INTEREST EXPENSE 1,800.00 213,346.0 INCOME BEFORE TAX 247,313.00 300,512.00 INCOME TAX. TOTAL 53,200.00 160,146.0 75,258.00 85,202.00 95,225.00 152,000.00 NET INCOME 172,055.00 215,310.00 RATIOS YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 GROSS PROFIT RATIO ? ? OPERATING RATIO ? ? ? NET PROFIT RATIO ? ? TAX RATIO ? INTEREST COVERAGE RATIO ? ? ? ? ?

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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