Solution
Nitish Lath answered on
Jun 18 2021
incomestatement (2)
Dayton, Inc.
Annual Income Statement (Values in Millions)
Common
Size
2019 2018 2019 2018
Sales $ 178,909 $ 187,510 100.0% 100.0%
Cost of Sales 109,701 111,631 61.3% 59.5%
Gross Operating Profit $ 69,208 $ 75,879 38.7% 40.5%
Selling, General & Admin. Expense 12,356 12,900 6.9% 6.9%
Other Taxes 33,572 33,377 18.8% 17.8%
EBITDA $ 23,280 $ 29,602 13.0% 15.8%
Depreciation & Amortization 12,103 7,944 6.8% 4.2%
EBIT $ 11,177 $ 21,658 6.2% 11.6%
Other Income, Net 3,147 3,323 1.8% 1.8%
Earnings Before Interest and Taxes $ 14,324 $ 24,981 8.0% 13.3%
Interest Expense 398 293 0.2% 0.2%
Earnings Before Taxes $ 13,926 $ 24,688 7.8% 13.2%
Income Taxes 0.21 tax rate
Net Income Available to Common $ 13,926 $ 24,688 7.8% 13.2%
Dividends per share $ 1.50 $ 0.91
EPS $ 1.71 $ 1.15 $ 0.91
$ 1.64 $ 2.87
Computation of 2012 Cost of Sales:
Beginning Inventory 7,904
Purchases 109,865
Goods Available 117,769
Cost of Sales 109,701
Ending Inventory 8,068
incomestatement
Dayton, Inc.
Annual Income Statement (Values in Millions)
Common
Size
2019 2018 2019 2018
Sales $ 178,909 $ 187,510 100.0% 100.0%
Cost of Sales 109,701 111,631 61.3% 59.5%
Gross Operating Profit $ 69,208 $ 75,879 38.7% 40.5%
Selling, General & Admin. Expense 12,356 12,900 6.9% 6.9%
Other Taxes 33,572 33,377 18.8% 17.8%
EBITDA $ 23,280 $ 29,602 13.0% 15.8%
Depreciation & Amortization 12,103 7,944 6.8% 4.2%
EBIT $ 11,177 $ 21,658 6.2% 11.6%
Other Income, Net 3,147 3,323 1.8% 1.8%
Earnings Before Interest and Taxes $ 14,324 $ 24,981 8.0% 13.3%
Interest Expense 398 293 0.2% 0.2%
Earnings Before Taxes $ 13,926 $ 24,688 7.8% 13.2%
Income Taxes 2,924 5,184 0.21 tax rate
Net Income Available to Common $ 11,002 $ 19,504 6.1% 10.4%
Dividends per share $ 1.15 $ 0.91
EPS $ 1.64 $ 2.87
Computation of 2019 Cost of Sales:
Beginning Inventory $ 7,904
Purchases 109,865
Goods Available $ 117,769
Cost of Sales 109,701
Ending Inventory $ 8,068
alancesheet (2)
Dayton, Inc.
Annual Balance Sheet (Values in Millions)
Common
Size
2019 2018 2019 2018
Assets
Cu
ent Assets
Cash and Equivalents $ ...