4
9.09
points
Prepare an income statement for Virginia Construction. Take your calculations all the way to common earnings
per share.
Note: Round EPS answer to 2 decimal places.
Sales
Shares outstanding
Cost of goods sold
Interest expense
Selling and administrative expense
Depreciation expense
Preferred stock dividends
Taxes
$ 880,000
105,000
490,000
36,000
49,000
27,000
87,000
106,000
Answer is not complete.
Virginia Construction
Income Statement
Sales
Cost of goods sold
Gross profit
Depreciation expense
Selling and administrative expense
Operating profit
Interest expense
Taxes
Earnings after taxes
Preferred stock dividends
Earnings available to common stockholders
Shares outstanding
Earnings per share
$
$
$
$
$
$
$
$
880,000
490,000
390,000
27,000
49,000
314,000
36,000
278,000
106,000
172,000
172,000
105,000
1.64
