Glen Mount Furniture Company William Butters 1. Earnings per share: Sales…………………………………45,500,000 Less Fixed Costs…………………….12,900,000 Less: Variable Costs (58% of sales)…26,390,000 (45,500,000 x .58) Operating Income……………………6,210,000 Less: Interest…………………………1,275,000 Earnings before taxes………………...4,935,000 Less: Taxes (34%)……………………1,677,900 (4,935,000 x .34) Earnings after taxes…………………..3,257,100 Shares…………………………………2
Words: 377 - Pages: 2
