Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Finance & Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=411)
-   -   Comparative Income Statement (https://www.askmehelpdesk.com/showthread.php?t=28273)

  • Jun 25, 2006, 12:30 AM
    jcjspj1
    Comparative Income Statement
    Prepare a comparative income statement for Walmart, Inc. for the years ended December 31, 2006, Be sure to include figures for gross margin, operating income, income before taxes, net income, and earnings per share.

    Sales $300,000
    Utilities expenses 15,000
    Employee salaries 115,000
    Advertising expenses 10,000
    Income tax expense 9,000
    Interest expense 25,000
    Cost of goods sold 115,000
    Interest revenue 10,000

    Assets would be Sales and Interest Revenue
    Liability would be all expenses, salaries and cost of goods sold
    Operating income would be salaries income before taxes would be income tax expense, earnings per share would be interest revenue. Earnings per share would be O.00
  • Dec 13, 2007, 02:34 AM
    manik chand dey
    This question is not clearly understandable.
    What is exactly asked in the question?
    What are these-Assets would be Sales and Interest Revenue
    Liability would be all expenses, salaries and cost of goods sold
    Operating income would be salaries income before taxes would be income tax expense, earnings per share would be interest revenue. Earnings per share would be O.00

  • All times are GMT -7. The time now is 09:29 AM.