Slotnick Company sells, rents, and services ski equipment. Information about the company”s financial performance for a recent fiscal period is provided below.
|
Average shares outstanding |
20,000 |
|
Cost of goods sold |
$34,000 |
|
Debt outstanding |
65,000 |
|
General and administrative expenses |
12,000 |
|
Income tax expense |
20,000 |
|
Interest expense |
8,000 |
|
Payments to owners |
30,000 |
|
Rental revenue |
45,000 |
|
Sales revenue |
79,000 |
|
Selling expense |
27,000 |
|
Service revenue |
23,000 |
From the information provided, compute the following amounts for the period:
a. Gross profit
b. Operating expenses
c. Income from operations
d. Pretax income
e. Net income
f. Earnings per share