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Prepare an income statement for virginia slim wear

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Reference no: EM132974817

Prepare an income statement for Virginia Slim Wear. Take your calculations all the way to computing earnings per share. (Round EPS answer to 2 decimal places.)

  • Sales-$680,000
  • Shares outstanding-109,000
  • Cost of goods sold-170,000
  • Interest expense-37,000
  • Selling and administrative expense-40,000
  • Depreciation expense-26,000
  • Preferred stock dividends-84,000
  • Taxes-102,000

Reference no: EM132974817

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