Financial performance for a recent fiscal period

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Reference no: EM13257116

Downhill Inc. sells, rents, and services ski equipment.Information about the company's financial performance for a recent fiscal period is provided below.

Average sharesoutstanding 20,000

Cost of goodssold 36,000

Debtoutstanding 65,000

General and administrationexpenses 12,000

Income taxexpense 20,000

Interestexpense 7,500

Payments toowners 30,000

RentalRevenue 50,000

SalesRevenue 81,000

Sellingexpense 28,000

Servicerevenue 23,000

From the information provided, compute the following amounts forthe period:

a. Goss profit

b. Operating expenses

c. Income from operations

d. Pretax income

e. Net income

f. Earnings pershare

Reference no: EM13257116

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