Solution-Evaluate gross profit and operating expenses

Evaluate gross profit and operating expenses

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Reference no: EM13523260

S&R Rentals rents and services different types of yard-improvement equipment. Information about the company's financial performance is provided below:

Average share outstanding= $15,000
Cost of goods sold = $44,000
Debt outstanding= $90,000
General and administrative expenses = 12,500
Income tax expense=5,300
Interest expense=8,800
Payments to owners=20,000
Rental revenue=41,000
Sales revenue=28,700
Selling expense=5,150
Service revenue=23,900

Please calculate and enter your answers for the following totals. You should show your calculations:
(a) Gross profit
(b) Operating expenses
(c) Operating income
(d) Pretax income
(e) Net income
(f) Earnings per share

Reference no: EM13523260

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Evaluate gross profit and operating expenses

Reference no: EM13523260

Reference no: EM13523260

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