Reference no: EM133172294
Question -
1. SEVENTEEN Corporation had net sales of Php2,400,000 and interest revenue of Php31,000 during 2019. Expenses for 2019 were cost of goods sold Php1,450,000, administrative expenses Php212,000, selling expenses Php280,000, and interest expense Php45,000. SEVENTEEN's tax rate is 30%. The corporation had 100,000 shares authorized and 70,000 shares issued and outstanding during 2019. Compute for Net income and earnings per share.
Q2. SCOUPS Co. had sales revenue of Php540,000 in 2020. Other items recorded during the year were: Cost of goods sold Php330,000 Selling expenses 120,000 Income tax 25,000 Increase in value of employees 15,000 Administrative expenses 10,000, SCOUPS Co. has 100,000 shares outstanding. How much is the Net income and earnings per share?
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