Business
Business, 24.04.2021 01:00, keke6361

ElectroWizard Company produces a popular video game called Destructo which sells for $32. Last year ElectroWizard sold 50,000 Destructo games, each of which costs $6 to produce. ElectroWizard incurred selling and administrative expenses of $80,000 and depreciation expense of $10,000. In addition, ElectroWizard has a $100,000 loan outstanding at 12%. Their tax rate is 40%. There are 100,000 common shares outstanding. Required:
Prepare an income statement for Electro Wizard in good form and include earnings per share (EPS)

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ElectroWizard Company produces a popular video game called Destructo which sells for $32. Last year...

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