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Unformatted text preview: Wages and salaries 1264000 Rent expense 808000 Insurance expense 600000 Utilities expense 117000 Depreciation expense 98000 Miscellaneous administrative expenses 53200 2940200 Total operating expenses 4384700 Income from operations 1232300 Other revenue and gains Dividend revenue 50000 Other expenses and losses Interest expense 98000 Loss of sale of office equipment 21300 119300 ( 69300 ) Income before income taxes 1163000 Income tax expense 348900 Net income $ 814100 Earnings per share $ 9.05 B.) Return on sales 8.78% Return on assets 10.84% Returns on stockholder’s equity 20.48% Debt to total assets 47.06...
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This note was uploaded on 02/10/2012 for the course ACC 557 037VA016-1 taught by Professor Kimberlydillman during the Spring '11 term at Strayer.
- Spring '11