Bristol Myers Squibb Company Prepare forecasted financial statements: Prepare a comprehensive income statement for the next...
Bristol Myers Squibb Company
Prepare forecasted financial statements:
Prepare a comprehensive income statement for the next fiscal year (2020).
Reference line items (i.e., Revenue) that shows assumptions used and calculations (separate from the income statement).
Do not just increase line items by a growth percentage.
Show all work please.
Homework Answers
Please provide existing income statement, other information or orher related information to prepare forecasted income statement.
Add Answer to:
Bristol Myers Squibb Company
Prepare forecasted financial statements:
Prepare a comprehensive income statement for the next...
QUESTION 6 Partially correct Mark 7.50 out of 10.00 Flag question Edit question Comparing Profitability Ratios for Competitors Selected income statement data for Abbott Laboratories, Bristol-Myers Sq...
QUESTION 6 Partially correct Mark 7.50 out of 10.00 Flag question Edit question Comparing Profitability Ratios for Competitors Selected income statement data for Abbott Laboratories, Bristol-Myers Squibb Company, Johnson & Johnson, GlaxoSmithKline plc, and Pfizer, Inc. is presented in the following table Bristol- Johnson Glaxo Abbott Myers (S millions) Laboratories Squibb Johnson Kline plc Pfizer Smith Sales revenue 20,247 $11,660 $74,331 $35,872 $49,605 Cost of sales 9,218 3.932 22,74611,418 9.577 SG&A expense 6,530 4,822 21.954 3,466 14,097 R&D expense 1.345...
prepare a seprate statement of comprehensive income for 2021 0.02mg QUILUUIINUS es or common stock were...
prepare a seprate statement of comprehensive income for
2021
0.02mg QUILUUIINUS es or common stock were outstanding at the beginning of the year and an addition were issued on July 1, 2021 2. Prepare a separate statement of comprehensive income for 2021. 10 points Complete this question by entering your answers in the tabs below. Required 1 Required 2 eBook Prepare a separate statement of comprehensive income for 2021. (Amounts to be deducted should be indicated wil sign. Enter your...
The most recent financial statements for Burnaby Co. are shown here: Statement of Comprehensive Income Statement...
The most recent financial statements for Burnaby Co. are shown here: Statement of Comprehensive Income Statement of Financial Position Sales $ 13,850 Current assets $ 12,200 Debt $ 16,700 Costs 9,650 Fixed assets 29,500 Equity 25,000 Taxable income $ 4,200 Total $ 41,700 Total $ 41,700 Taxes (40%) 1,680 Net income $ 2,520 Assets and costs are proportional to sales. Debt and equity are not. Burnaby maintains a constant 25% dividend payout ratio. No external equity financing is possible. What...
Multiple-Step and Single-Step Income Statements, and Statement of Comprehensive Income On December 31, 2019, Opgenorth Company...
Multiple-Step and Single-Step Income Statements, and Statement of Comprehensive Income On December 31, 2019, Opgenorth Company listed the following items in its adjusted trial balance: Loss from fire (pretax) $8,000 General and administrative expenses $17,000 Interest revenue 3,000 Sales 180,000 Selling expenses 15,000 Unrealized decrease in fair value of Cost of goods sold 90,000 available-for-sale securities 1,800 Loss on sale of equipment (pretax) 2,000 Additional data: Seven thousand shares of common stock have been outstanding the entire year. The income...
(a) Statement of profit or loss and other comprehensive income (b) statement of financial position
Prepare, the following financial statements for ABC LimitedStatement of profit or loss and other comprehensive income for the year ended 31 octoberStatement of financial position as aat 31 October 2022
Creating a Pro forma income statement Adapted from Advanced Problems for Spreadsheet Application, Financial Management Core...
Creating a Pro forma income statement Adapted from Advanced Problems for Spreadsheet Application, Financial Management Core Concepts, Brooks 3rd Edition, Problem 2 Green Planet, a restaurant supply company has given you the following financial data for 2017: Green Planet Historical Income Statement 2017 $12,345,000.00 Revenue 185,175.00 $12,159,825.00 Returns Net Revenue Costs $5,555,250.00 COGS $ 1,975,200.00 $ 1,481,400.00 Fixed Costs S G & A $ Depreciation 988,320.00 $ 2,159,655.00 802,425.00 EBIT Interest Expense $ Taxable income 1,357,230.00 The tax rate in...
4. Problem 16.04 Click here to read the eBook: Forecasted Financial Statements PRO FORMA INCOME STATEMENT...
4. Problem 16.04 Click here to read the eBook: Forecasted Financial Statements PRO FORMA INCOME STATEMENT Austin Grocers recently reported the following 2016 income statement (in millions of dollars): $700 Sales Operating costs including depreciation 500 ЕВT $200 Interest 40 $160 ЕВT Taxes (40%) 64 Net income $96 Dividends $32 Addition to retained earnings $64 For the coming year, the company is forecasting a 30% increase in sales, and it expects that its year-end operating costs, including depreciation, will equal...
Forecasted Financial Statements The AFN equation provides useful insights into the forecasting process, but this equation...
Forecasted Financial Statements The AFN equation provides useful insights into the forecasting process, but this equation assumes that all of the firm's key ratios remain constant, which is not likely to hold true. Consequently, it is useful to forecast the firm's financial statements. The firm begins with forecasting its -Select which then eeds into the firm's balance sheet. Management looks at operating a s on their relationship with industry and benchmark averages. The orecasted income statement begins it the prior...
Percentage of Sales Models. Here are abbreviated financial statements for Planners Peanuts: Income statement 2019 Sales...
Percentage of Sales Models. Here are abbreviated financial statements for Planners Peanuts: Income statement 2019 Sales $2000 cost $1500 Net Income $500 Balance Sheet, year-end 2018 2019 2018 2019 Assets $2500 $3000 Debt $833 $1000 Equity $1667 $2000 Total $2500 Total $2500 $3000 If sales increase by 20% in 2020 and the company uses a strict percentage of sales planning model (meaning that all items on the income and balance sheet also increase by 20%, what must be the balancing...
$3,300 2,700 12,800 89,700 Cost of Goods Sold, Income Statement, and Statement of Comprehensive Income Gaskin...
$3,300 2,700 12,800 89,700 Cost of Goods Sold, Income Statement, and Statement of Comprehensive Income Gaskin Company derives the following items from its adjusted trial balance as of December 31, 2019: Sales $142,000 Interest revenue Purchases returns 5,200 Purchases discounts taken Gain on sale of equipment (pretax) 3,800 Inventory, January 1, 2019 Freight-in 3,400 Purchases Selling expenses 15,600 Administrative expenses Unrealized increase in fair value of Loss from truck accident (pretax) 2,400 available-for-sale securities The following additional information is also...
QUESTION 6 Partially correct Mark 7.50 out of 10.00 Flag question Edit question Comparing Profitability Ratios for Competitors Selected income statement data for Abbott Laboratories, Bristol-Myers Squibb Company, Johnson & Johnson, GlaxoSmithKline plc, and Pfizer, Inc. is presented in the following table Bristol- Johnson Glaxo Abbott Myers (S millions) Laboratories Squibb Johnson Kline plc Pfizer Smith Sales revenue 20,247 $11,660 $74,331 $35,872 $49,605 Cost of sales 9,218 3.932 22,74611,418 9.577 SG&A expense 6,530 4,822 21.954 3,466 14,097 R&D expense 1.345...
prepare a seprate statement of comprehensive income for
2021
0.02mg QUILUUIINUS es or common stock were outstanding at the beginning of the year and an addition were issued on July 1, 2021 2. Prepare a separate statement of comprehensive income for 2021. 10 points Complete this question by entering your answers in the tabs below. Required 1 Required 2 eBook Prepare a separate statement of comprehensive income for 2021. (Amounts to be deducted should be indicated wil sign. Enter your...
Creating a Pro forma income statement Adapted from Advanced Problems for Spreadsheet Application, Financial Management Core Concepts, Brooks 3rd Edition, Problem 2 Green Planet, a restaurant supply company has given you the following financial data for 2017: Green Planet Historical Income Statement 2017 $12,345,000.00 Revenue 185,175.00 $12,159,825.00 Returns Net Revenue Costs $5,555,250.00 COGS $ 1,975,200.00 $ 1,481,400.00 Fixed Costs S G & A $ Depreciation 988,320.00 $ 2,159,655.00 802,425.00 EBIT Interest Expense $ Taxable income 1,357,230.00 The tax rate in...
4. Problem 16.04 Click here to read the eBook: Forecasted Financial Statements PRO FORMA INCOME STATEMENT Austin Grocers recently reported the following 2016 income statement (in millions of dollars): $700 Sales Operating costs including depreciation 500 ЕВT $200 Interest 40 $160 ЕВT Taxes (40%) 64 Net income $96 Dividends $32 Addition to retained earnings $64 For the coming year, the company is forecasting a 30% increase in sales, and it expects that its year-end operating costs, including depreciation, will equal...
Forecasted Financial Statements The AFN equation provides useful insights into the forecasting process, but this equation assumes that all of the firm's key ratios remain constant, which is not likely to hold true. Consequently, it is useful to forecast the firm's financial statements. The firm begins with forecasting its -Select which then eeds into the firm's balance sheet. Management looks at operating a s on their relationship with industry and benchmark averages. The orecasted income statement begins it the prior...
$3,300 2,700 12,800 89,700 Cost of Goods Sold, Income Statement, and Statement of Comprehensive Income Gaskin Company derives the following items from its adjusted trial balance as of December 31, 2019: Sales $142,000 Interest revenue Purchases returns 5,200 Purchases discounts taken Gain on sale of equipment (pretax) 3,800 Inventory, January 1, 2019 Freight-in 3,400 Purchases Selling expenses 15,600 Administrative expenses Unrealized increase in fair value of Loss from truck accident (pretax) 2,400 available-for-sale securities The following additional information is also...
Most questions answered within 3 hours.
-
Exercise 2.5. Use the Binomial Theorem to prove that, for all n
≥ 0 and for...
asked 4 minutes ago -
The teachers at Bryan ISD want to examine if a newly developed
intervention program for disadvantaged...
asked 9 minutes ago -
Describe the
characteristics of small business.
- Name the most
common causes of small business failure....
asked 12 minutes ago -
A pendulum is made up of a small sphere of mass 0.500 kg
attached to a...
asked 34 minutes ago -
Given a pn junction with both thin p-type and n-type materials
such that Wn and Wp...
asked 33 minutes ago -
it was discussed that animals should be treated the same as
humans, that pain is pain,...
asked 34 minutes ago -
The vapor pressure of water at 20°C is 17.54 torr. Calculate the
vapor pressure (in torr)...
asked 56 minutes ago -
In python:
Create a list called numten that contains ten numbers go through
the list and...
asked 48 minutes ago -
Suppose you just bought the new Windoze 8 and that you realize
that it really sucks....
asked 50 minutes ago -
Hi,
can someone please explain to me the time complexity of an
algorithm specially big O...
asked 57 minutes ago -
Python
Prompt the
user to enter a step size to step down by. Write a while
loop...
asked 56 minutes ago -
Demonstrate the power of the Containment Theory of Walter
Reckless with regard to the idea of...
asked 1 hour ago