llowing income statement items ($ in millions): sales revenue, $2,135; cost of goods sold, $1,310; selling expense, $150; general an dministrative expense, $140; interest expense, $65; and gain on sale of investments, $90. Income tax expense has not yet been ecorded. The income tax rate is 25%. repare a multiple-step income statement. ote: Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Sales revenue Gross profit Operating expenses: PACIFIC SCIENTIFIC CORPORATION Income Statement For the Year Ended December 31, 2024 Inventory Selling expense General and administrative expense Total operating expenses Operating income Other income (expense): Gain on sale of investments Interest expense Answer is not complete. Total other income, net ncome before income taxes income tax expense Net income X S 1,310 X 150 140 90 65 $ $ 2,135 2,135 1,600 535 155 690 173 X 517 X

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Sandhill Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60 cents per 16-ounce bottle to retailers. For the year 2022, management estimates the following revenues and costs. Sales Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed $1,800,000 420,000 400,000 Selling Selling expenses-fixed expenses-variable Administrative expenses-variable 420,000 Administrative expenses-fixed 110,000 $87,000 61,000 23,000 99,000

Sales Cost of goods sold Gross profit Fixed charges (other than interest) Income before interest and taxes Interest Income before taxes Taxes (35%) Income after taxes. LANCASTER CORPORATION a. What is the times-interest-earned ratio? Note: Round your answer to 2 decimal places. Times interest earned Fixed charge coverage times b. What would be the fixed-charge-coverage ratio? Note: Round your answer to 2 decimal places. times $ 259,000 209,000 $ 50,000 24,500 $ 25,500 19,000 $ 6,500 2,275 $ 4,225

Multi-Step Income Statement Question: Based on the Multi-step Income Statement you prepared on your scratch paper, what is the amount of "Net Income After-Taxes" on the Multi-step Income Statement for the period ending 12/31/xx? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123 W ASUS f4 f5 f6 f7 f9 f10 f11 团 %24 4 & 7. 9. Y U I G H JK 因 6 图 近 图