looking to 2021. Their current sales are $16 million, COGS are 30% of sales, operating expenses...
looking to 2021. Their current sales are $16 million, COGS are 30% of sales, operating expenses 40% of sales, interest expense 1% of sales and depreciation expense $100,000. Tax 40%, dividend payout 20%. 1 million shares stock. what is their net profit margin? Show work.
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looking to 2021. Their current sales are $16 million,
COGS are 30% of sales, operating expenses...
Given data: 2020 Sales $4 million COGS 50%. Operating expenses 25% of sales, interest expense 2%...
Given data: 2020 Sales $4 million COGS 50%. Operating expenses 25% of sales, interest expense 2% sales, Tax rate 40% Divided payout 40% 100,000 shares stock outstanding. Complete an income statement and Proforma income statement for 2021. Sales projections indicate 10% growth with no change in depreciation expense. Year 2020 Proforma Growth -10% 50.0% Income Statement Sales COGS Gross Profit Operating expense Depreciation Exp EBIT Oper. Profit 25.0% No change Interest exp. 2.00% 40 EBT Tax 40% EAT Dividend RE...
Question 1 Cumulative Problem: XYZ Company has sales of $4,800,000, COGS is 40% of sales, operating...
Question 1 Cumulative Problem: XYZ Company has sales of $4,800,000, COGS is 40% of sales, operating expenses are $2,100,000, interest expense $20,000 and depreciation 30,000. Tax rate 40%. Construct their income statement and answer the below: Gross profit is ___. a. 2,400,000 b. 1,920,000 c. 730,000 d. 2,880,000 Question 2 What best describes operating profit margin? a. earnings before interest and tax in relation to sales b. the impact of depreciation on taxes paid c. cost of goods sold in...
Income statement 2014 $1,500,000 750,000 Sales COGS Gross profits Operating Expenses Selling expenses General admin. expenses...
Income statement 2014 $1,500,000 750,000 Sales COGS Gross profits Operating Expenses Selling expenses General admin. expenses Lease expenses Depreciation expense total operating expenses 100,000 50,000 10,000 40,000 Operating profits Interest 20,000 Net profits before taxes Taxes Net profits after taxes Preferred dividends 10,000 Earnings available for common stockholders Tax table Range of taxable income 100,000-335,000 335,000-10,000,000 Tax calculation 22,250 + (39% x amount over 100,000) 113,900 + ( 34% x amount over 335,000)
Maggie's Skunk Removal Corp.'s 2021 income statement listed net sales of $13.5 million, gross profit of...
Maggie's Skunk Removal Corp.'s 2021 income statement listed net sales of $13.5 million, gross profit of $9.10 million, EBIT of $6.6 million, net income available to common stockholders of $4.2 million, and common stock dividends of $2.2 million. The 2021 year- end balance sheet listed total assets of $53.5 million and common stockholders' equity of $22.0 million with 2.0 million shares outstanding. Calculate the gross profit margin. (Round your answer to 2 decimal places.) Gross profit margin % Calculate the...
Scruggs Inc. Income Statement For the Year Ended December 31, 2018 Sales 1,500,000 Cogs 850,000 Gross...
Scruggs Inc. Income Statement For the Year Ended December 31, 2018 Sales 1,500,000 Cogs 850,000 Gross profit 650,000 Operating expenses 90,000 Depreciation expense 70,000 Depletion expense 7,500 Amortization expense 2,500 Operating income 480,000 Loss on sale of stock (6,500) Gain on sale of bonds 12,000 Gain on sale of equipment 5,000 Interest expense (3,500) Income tax expense (12,500) Net income 474,500 Prepare a full statement of cash flows using the indirect method. Prepare the operating section of the statement of...
Builtrite had sales of $700,000 and COGS of $290,000. In addition, operating expenses were calculated at...
Builtrite had sales of $700,000 and COGS of $290,000. In addition, operating expenses were calculated at 25% of sales. Interest expense was based on $100,000 of bonds outstanding with an interest rate of 7%. Builtrite also received dividends of $40,000 and paid out common stock dividends of $25,000 to its stockholders. A long-term capital gain of $55,000 was realized during the year along with a capital loss of $45,000 Based on the above information, answer the following 5 questions: 1.What...
Maggie's Skunk Removal Corp.'s 2021 income statement listed net sales of $14.3 million, gross profit of...
Maggie's Skunk Removal Corp.'s 2021 income statement listed net sales of $14.3 million, gross profit of $9.50 million, EBIT of $74 million, net income available to common stockholders of $5.0 million, and common stock dividends of $3.0 million. The 2021 year-end balance sheet listed total assets of $54.3 million and common stockholders' equity of $22.8 million with 20 million shares outstanding Calculate the gross profit margin. (Round your answer to 2 decimal places.) Gross profit margin % Calculate the operating...
Builtrite had sales of $700,000 and COGS of $290,000. In addition, operating expenses were calculated at...
Builtrite had sales of $700,000 and COGS of $290,000. In addition, operating expenses were calculated at 25% of sales. Interest expense was based on $100,000 of bonds outstanding with an interest rate of 7%. Builtrite also received dividends of $40,000 and paid out common stock dividends of $25,000 to its stockholders. A long-term capital gain of $55,000 was realized during the year along with a capital loss of $45,000 Builtrite has $7,000 in interest expense, how much does this interest...
Builtrite had sales of $700,000 and COGS of $290,000. In addition, operating expenses were calculated at...
Builtrite had sales of $700,000 and COGS of $290,000. In addition, operating expenses were calculated at 25% of sales. Interest expense was based on $100,000 of bonds outstanding with an interest rate of 7%. Builtrite also received dividends of $40,000 and paid out common stock dividends of $25,000 to its stockholders. A long-term capital gain of $55,000 was realized during the year along with a capital loss of $45,000 Based on the above information, answer the following 4 questions: What...
Builtrite had sales of $700,000 and COGS of $290,000. In addition, operating expenses were calculated at...
Builtrite had sales of $700,000 and COGS of $290,000. In addition, operating expenses were calculated at 25% of sales. Interest expense was based on $100,000 of bonds outstanding with an interest rate of 7%. Builtrite also received dividends of $40,000 and paid out common stock dividends of $25,000 to its stockholders. A long-term capital gain of $55,000 was realized during the year along with a capital loss of $45,000 What is Builtrite's taxable income?
Given data: 2020 Sales $4 million COGS 50%. Operating expenses 25% of sales, interest expense 2% sales, Tax rate 40% Divided payout 40% 100,000 shares stock outstanding. Complete an income statement and Proforma income statement for 2021. Sales projections indicate 10% growth with no change in depreciation expense. Year 2020 Proforma Growth -10% 50.0% Income Statement Sales COGS Gross Profit Operating expense Depreciation Exp EBIT Oper. Profit 25.0% No change Interest exp. 2.00% 40 EBT Tax 40% EAT Dividend RE...
Income statement 2014 $1,500,000 750,000 Sales COGS Gross profits Operating Expenses Selling expenses General admin. expenses Lease expenses Depreciation expense total operating expenses 100,000 50,000 10,000 40,000 Operating profits Interest 20,000 Net profits before taxes Taxes Net profits after taxes Preferred dividends 10,000 Earnings available for common stockholders Tax table Range of taxable income 100,000-335,000 335,000-10,000,000 Tax calculation 22,250 + (39% x amount over 100,000) 113,900 + ( 34% x amount over 335,000)
Maggie's Skunk Removal Corp.'s 2021 income statement listed net sales of $13.5 million, gross profit of $9.10 million, EBIT of $6.6 million, net income available to common stockholders of $4.2 million, and common stock dividends of $2.2 million. The 2021 year- end balance sheet listed total assets of $53.5 million and common stockholders' equity of $22.0 million with 2.0 million shares outstanding. Calculate the gross profit margin. (Round your answer to 2 decimal places.) Gross profit margin % Calculate the...
Maggie's Skunk Removal Corp.'s 2021 income statement listed net sales of $14.3 million, gross profit of $9.50 million, EBIT of $74 million, net income available to common stockholders of $5.0 million, and common stock dividends of $3.0 million. The 2021 year-end balance sheet listed total assets of $54.3 million and common stockholders' equity of $22.8 million with 20 million shares outstanding Calculate the gross profit margin. (Round your answer to 2 decimal places.) Gross profit margin % Calculate the operating...
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