Income statement. Fill in the missing numbers on the following annual income statements for Barron Pizza, Inc.,
. 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 2012-2014
($ 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
$
