Chat with us, powered by LiveChat Rock of Ages, Inc., is the largest integrated gran - Writemia

Rock of Ages, Inc., is the largest integrated gran

Rock of Ages, Inc., is the largest integrated granite quarrier, manufacturer, and retailer of finished granite memorials in North America. The firm reported a net loss for 2004 of $3.2 million. In 2004, the firm reported a pretax litigation settlement loss of $6.5 million, and management stated that, in its opinion, the litigation settlement loss did not reflect the current year s operations because it was the first year in five years that the firm reported such a loss. (Rock of Ages exclusion of an item from the calculation of net income is an example of what the financial press calls reporting pro forma earnings. ) Calculate pro forma earnings for 2004 excluding the settlement costs and speculate on management s reasoning as to why it believes that pro forma earnings is a better measure of performance for Rock of Ages. State any assumptions you make in your calculations?

Do you need an answer to this or any other questions?

About Writemia

We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.

How It Works

To make an Order you only need to click on “Place Order” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.

Are there Discounts?

All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.

Hire a tutor today CLICK HERE to make your first order