Reading 32: Understanding the Income Statement - LOS i ～ Q black, style, white, charge, interest

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Q60. What was the after-tax interest charge?

A)   $6,215.

B)   $2,450.

C)   $3,675.

Q61. How many new shares had to be issued to facilitate warrant conversion?

A)   2,689.

B)   13,665.

C)   9,986.

Q62. What were the basic and diluted EPS for the year?

          Basic EPS                                      Diluted EPS

 

A) $3.97                                          $3.06

B) $4.12                                          $3.06

C) $4.12                                          $2.95

Q63. Common size income statements express all income statement items as a percentage of:

A)   net income.

B)   sales.

C)   assets.

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