SuperQuick Computer Corporation reported the following income statement for a recent quarter.
|
Consolidated Statement of Income |
|
|
Sales |
$719,150 |
|
Cost of sales |
549,313 |
|
169,837 |
|
|
Research and development costs |
16,900 |
|
Selling general and administrative expense |
83,771 |
|
Other income and expense, net |
7,685 |
|
108,356 |
|
|
Income before income taxes |
61,481 |
|
Provision for income taxes |
15,451 |
|
Net income |
$46,030 |
|
Earnings per share |
$0.93 |
Assume that Other Income and Expense are nonoperating.
a. What was the company”s gross profit for the quarter?
b. What was the amount of the company”s product costs expensed during the quarter?
c. What was the amount of its operating expenses?
d. What was the amount of its operating income?
e. What was the amount of its nonoperating income or expense?