arrange the following income statement items so they are in te proper.docx

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arrange the following income statement items so they are in te proper order of an incomee statment: Colby Clothes Solution Answer: .

arrange the following income statement items so they are in te proper order of an incomee
statment:
Colby Clothes
Taxes Depreciation
Earnings after taxes Earnings per share
Preferred stoock dividends shares outstanding
Earnings availabe to common stockholders Earnings before tax
Operating profit Interest expense
Sales Cost of goods sold
Selling and admistrative expense
Gross profit
Solution
Answer:
Sales
Cost of goods sold
Gross profit
Operating profit
Selling and admistrative expense
Depreciation
Interest expense
Earnings before tax
Taxes
Earnings after taxes
Preferred stoock dividends
Earnings availabe to common
stockholders

shares outstanding
Earnings per share

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2. shares outstanding Earnings per share