Up to 15 points sbu company income statement for the

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Unformatted text preview: ement For the Year Ended December 31, 2013 (in millions) 2013 Sales $1,995.00 Less Variable Costs $1,596.00 Less Fixed Costs $100.00 Earnings before Interest and Taxes $299.00 Less Interest Expense $35.00 Earnings Before Taxes $264.00 Taxes $92.40 Net Income $171.60 Less Preferred Dividends Net Income Available Common Shares Outstanding Earnings per Share Assumptions Price per Unit Unit Sales Variable Costs as a Percent of Sales Tax Rate $200.00 $(28.40) 10000 $(0.00) $19.95 100 80% 35% How Many Units Must...
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