Answers go in the yellow boxes Use the following information to complete the income statement for company...

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Answers go in the yellow boxes
Use the following information to complete the income statement forcompany A for the year ending December 31, 201X
Revenue $      120,000,000
Gross margin 50.0%
SellingGeneral and Administrative (SG&A) 20.0% ofrevenue
Researchand Development (R&D) 15.00% ofrevenue
Depreciation expense (D&A) $          5,000,000
InterestExpense $          5,000,000
InterestIncome $          2,000,000
Tax Rate 35%
Securities Information
WeightedAverage Shares (12/31/1X) $           10,000,000
AWarrants exercisable @ $2.00 $             2,200,000
BWarrants Exercisable @ $3.00 $             2,500,000
StockPrice (12/31/1X) $                      4.00
COMPLETE THE FOLLOWING INCOME STATEMENT
Answersgo in the yellow boxes Points
Revenue $      120,000,000
Cost of Goods Sold 1
Gross Profit 1
Operating Expenses
SG&A 1
R&D 1
D&A
Operating Expenses Total 1
Operating Income 5
IncomeExpense, net 1
Pre TaxIncome 1
Tax 1
NetIncome 2
EPSBasic 5
EPSDiluted 10
Totalpoints 30

Answer & Explanation Solved by verified expert

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Cost of Goods Sold50 of Revenue 5012000000060000000 Gross Profit 50 of revenue 5012000000060000000 SGA20 of Revenue2012000000024000000 RD15 of revenue1512000000018000000 Total Operating ExpenseSGARDDA2400000018000000500000047000000 Operating Income600000004700000013000000 Income ExpensenetInterest See Answer

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Answers go in the yellow boxesUse the following information to complete the income statement forcompany A for the year ending December 31, 201XRevenue$ 120,000,000Gross margin50.0%SellingGeneral and Administrative (SG&A)20.0%ofrevenueResearchand Development (R&D)15.00%ofrevenueDepreciation expense (D&A)$ 5,000,000InterestExpense$ 5,000,000InterestIncome$ 2,000,000Tax Rate35%Securities InformationWeightedAverage Shares (12/31/1X)$ 10,000,000AWarrants exercisable @ $2.00$ 2,200,000BWarrants Exercisable @ $3.00$ 2,500,000StockPrice (12/31/1X)$ 4.00COMPLETE THE FOLLOWING INCOME STATEMENTAnswersgo in the yellow boxesPointsRevenue$ 120,000,000Cost of Goods Sold1Gross Profit1Operating ExpensesSG&A1R&D1D&AOperating Expenses Total1Operating Income5IncomeExpense, net1Pre TaxIncome1Tax1NetIncome2EPSBasic5EPSDiluted10Totalpoints30

Use the following information to complete the income statement forcompany A for the year ending December 31, 201X

Revenue	$ 120,000,000
Gross margin	50.0%
SellingGeneral and Administrative (SG&A)	20.0%	ofrevenue
Researchand Development (R&D)	15.00%	ofrevenue
Depreciation expense (D&A)	$ 5,000,000
InterestExpense	$ 5,000,000
InterestIncome	$ 2,000,000
Tax Rate	35%

Securities Information
WeightedAverage Shares (12/31/1X)	$ 10,000,000
AWarrants exercisable @ $2.00	$ 2,200,000
BWarrants Exercisable @ $3.00	$ 2,500,000
StockPrice (12/31/1X)	$ 4.00

COMPLETE THE FOLLOWING INCOME STATEMENT
Answersgo in the yellow boxes		Points
Revenue	$ 120,000,000
Cost of Goods Sold		1
Gross Profit		1

Operating Expenses
SG&A		1
R&D		1
D&A
Operating Expenses Total		1

Operating Income		5

IncomeExpense, net		1

Pre TaxIncome		1
Tax		1
NetIncome		2

EPSBasic		5
EPSDiluted		10

	Totalpoints	30