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3 years ago

The trial balance of Rollins Inc. included the following accounts as of December 31, 2021:_______.

Business

1 answer:

alekssr [168]3 years ago

6 0

,Answer:

Rollins Inc

Multi step Income Statement as on December 31, 2021

Particulars Amount$

Sales Revenue 5,900,000

Less: Cost of Goods Sold -44,00,000

Gross profit 1,500,000

Operating Expense

Selling expense 400,000

Restructuring costs 190,000

Administrative expense 300,000

Total Operating Expenses 890,000 -890,000

Operating Income 610,000

Non Operating Income/Expense

Interest revenue 40,000

Gain on projected benefit 260,000

obligation

Interest expense -20,000

Loss on Sale of Investments -10,000

Loss on debt investments -160,000

Total Non Operating 110,000 110,000

Profit before taxes 720,000

Taxes 180,000

Net Profit 540,000

Net Profit 540,000

Number of equity shares 100,000

Earnings per share 5.40

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