Frantic Fast Foods

Earnings after taxes

Shares Outstanding
Increase in taxes
Shares Outstanding
Shares Issued - New

Solution:
a) Earnings per share 2009

b) Earnings after taxes

Shares Outstanding 2010

Earnings per share

 Bettis Bus Company
Earnings after taxes
Shares Outstanding
Earnings b4 increase in taxes
Increase in taxes
Shares Outstanding
Shares Issued - New

Solution:
a) Earnings per share 2009

b) Earnings after taxes

Shares Outstanding 2010

Earnings per share

a) Hillary Swank Clothiers
Sales
- Cost of Goods Sold
= Gross Profit

Gross Profit Margin

 A-Rod Fishing Supplies Solution:
Sales
Interest expense
COGS
Total Assets
S & A Expenses as % of sales
Depreciation expense as % of total assets
Solution:

A-Rod Fishing Supplies

Sales
Cost of goods sold
Gross profit
S & A expenses
Depreciation expense
Operating Profit
 Income Statement Items

Sales
- Cost of goods sold
= Gross profit
- S & A expenses
- Depreciation expense
= Operating Profit
- Interest expense
= Earnings before taxes
- Taxes
= Earnings after taxes
- Preferred stock dividends
= Earnings available to common stockholders
/ # of shares outstanding
= Earnings per share
 Dental Drilling Company Solution:
S & A Expenses
Depreciation expense
Sales
Interest expense
COGS
Taxes
Solution:
Dental Drilling Company
Income Statement

Sales
Cost of goods sold
Gross profit
S & A expenses
Depreciation expense
Operating Profit
Interest expense
Earnings before taxes
Taxes
Earnings after taxes
 Jonas Brothers Cough Drops Solution:
Sales
COGS
Interest Expense
S & A expense
Depreciation expense
Taxes
Solution:
Jonas Brothers Cough Drops
Income Statement
Sales
Cost of goods sold
Gross profit
S & A expenses
Depreciation expense
Operating Profit
Interest expense
Earnings before taxes
Taxes
Earnings after taxes
 ATM Cards, Inc. Solution:
Sales
Shares Outstanding
COGS
Interest Expense
S & A expense
Depreciation expense
Preffered stock dividends
Taxes
Solution:
ATM Cards, Inc.
Income Statement
Sales
Cost of goods sold
Gross profit
S & A expenses
Depreciation expense
Operating Profit
Interest expense
Earnings before taxes
Taxes
Earnings after taxes
Preffered stock dividends
Earnings available to common stockholders
# of shares outstanding
Earnings per share
 Virginia Slim Wear Solution:
Sales
Shares Outstanding
COGS
Interest Expense
S & A expense
Depreciation expense
Preffered stock dividends
Taxes
Solution:
Virginia Slim Wear
Income Statement
Sales
Cost of goods sold
Gross profit
S & A expenses
Depreciation expense
Operating Profit
Interest expense
Earnings before taxes
Taxes
Earnings after taxes
Preffered stock dividends
Earnings available to common stockholders
# of shares outstanding
Earnings per share
 Precision Systems Solution:
Sales
COGS
S & A expense
Depreciation Expense
Operating profit
Solution:
Precision Systems

Sales
Cost of goods sold
Gross profit
S & A expenses
Depreciation expense
Operating Profit
 Stein Books, Inc. Solution:
Books Sold Stein Books, Inc.
Price of Books Income Statement
Cost of Books For the Year Ended Dec. 31, 2010
Selling expense Sales
Depreciation Expense Cost of goods sold
Borrowings Gross profit
Interest on Borrowings S & A expenses
Tax Rate Depreciation expense
Operating Profit
Interest expense
Earnings before taxes
Taxes
Earnings after taxes
ooks, Inc.
Statement
ded Dec. 31, 2010