Ch06 - Student Name Class Problem 06-03 NOMURA EXPORT...

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Student Name: Class: Problem 06-03 NOMURA EXPORT COMPANY Income Statement Items Independant Cases Case A Case B Gross sales revenue $232,000 $160,000 Sales returns and allowances 18,000 Net sales revenue Cost of goods sold Gross profit Operating expenses 18,500 Pretax income 20,000 Income tax expense Net income Earnings per share (10,000 shares) $2.20
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Given Data P06-03: NOMURA EXPORT COMPANY Income Statement Items Independent Cases Case A Case B Gross sales revenue $232,000 $160,000 Sales returns and allowances 18,000 ? Net sales revenue ? ? Cost of goods sold ? 68% Gross profit 30% ? Operating expenses ? 18,500 Pretax income 20,000 ? Income tax expense (20%) ? ? Net income ? ? Earnings per share (10,000 shares) ? $2.20
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Student Name: Class: Problem 06-06 Requirement 1: BUILDERS COMPANY, INC. Income Statement For the Year Ended December 31, 2006 Net income Earnings per share on capital stock outstanding Requirement 2: Gross Profit Percentage Meaning of gross profit percentage: Receivables turnover Meaning of gross profit percentage:
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Given Data P06-06: BUILDERS COMPANY, INC.
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