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Given data: 2020 Sales $4 million COGS 50%. Operating expenses 25% of sales, interest expense 2%...
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.
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...
Module 2 Assignment ABC Inc. 2020 sales are $1,000,000. Operating costs (excluding depreciation) are 65% of...
Module 2 Assignment ABC Inc. 2020 sales are $1,000,000. Operating costs (excluding depreciation) are 65% of sales. Net fixed assets are $195,000. Depreciation amounted to 12% of net fixed assets. Interest expenses are $105,000. The tax bill must be calculated using the corporate income tax table in the text, and ABC Inc. paid 8% of net income in dividends. Prepare ABC Inc.’s income statement for 2018: ABC Inc. Income Statement 2020 Sales Operating costs (excluding depreciation) EBITDA Depreciation EBIT Interest...
XYZ Inc. Income Statement 2018 2017 Sales &nb
XYZ Inc. Income Statement 2018 2017 Sales 950000 800,000 COGS 650000 600000 Gross Profit 300000 200000 Operating costs (excluding depreciation) 50000 60,000 EDITDA 250,000 140000 Depreciation 20000 18,000 EBIT 230000 122,000 Interest Expense 100000 100,000 EBT 130000 22,000 Taxes 25000 5,000 Net Income 105,000 17,000 Common Dividends 6000 4000 Addition to Retained Earnings 99000 13,000 2018 2017 Year-end stock price $50 $40 # of shares 5500 3500 Find the Ratios for 2018: EPS: P/E:
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)
USE THE FOLLOWING DATA TO ANSWER QUESTIONS 35-40 Annual Income Statements 2013 Sales 500,000 COGS ????...
USE THE FOLLOWING DATA TO ANSWER QUESTIONS 35-40 Annual Income Statements 2013 Sales 500,000 COGS ???? Gross profit 380,000 Oper. exp 225,000 Depreciation 15,000 Operating profit 140,000 Interest exp. 5,000 EBT 135,000 Taxes 50,000 Net Income 85,000 2014 560,000 149,350 410,650 250,100 15,000 145,550 5,000 140,550 56,000 84,550 2014 Cash Accounts rec Inventories Current Assets Net fixed assets Total Assets Annual Balance Sheets 2013 450,000 275,000 280.000 1,005,000 1.125.000 2,130,000 478,500 250,000 325,000 1,053,500 ??? 2,293,500 Notes payable Accounts payable...
1. Green Caterpillar is able to achieve this level of increased sales, but its interest costs...
1.
Green Caterpillar is able to achieve this level of increased
sales, but its interest costs increase from 10% to 15% of earnings
before interest and taxes (EBIT).
2.
The company’s operating costs (excluding depreciation and
amortization) remain at 65.00% of net sales, and its depreciation
and amortization expenses remain constant from year to year.
3.
The company’s tax rate remains constant at 40% of its pre-tax
income or earnings before taxes (EBT).
4.
In Year 2, Green Caterpillar expects...
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...
Swifty Corporation had net sales of $2,407,400 and interest revenue of $40,400 during 2020. Expenses for...
Swifty Corporation had net
sales of $2,407,400 and interest revenue of $40,400 during 2020.
Expenses for 2020 were cost of goods sold $1,458,700,
administrative expenses $218,400, selling expenses $281,400, and
interest expense $48,000. Swifty’s tax rate is 30%. The corporation
had 104,200 shares of common stock authorized and 72,630 shares
issued and outstanding during 2020. Prepare a condensed
multiple-step income statement for Swifty Corporation.
Net Sales Cost of Goods Sold Gross Profit/(Loss) Selling Expenses Administrative Expenses Other Revenues and Gains...
Marigold Corporation had net sales of $2,400,900 and interest revenue of $37,400 during 2020. Expenses for...
Marigold Corporation had net sales of $2,400,900 and interest revenue of $37,400 during 2020. Expenses for 2020 were cost of goods sold $1,466,300, administrative expenses $221,700, selling expenses $298,700, and interest expense $45,300. Marigold’s tax rate is 30%. The corporation had 100,000 shares of common stock authorized and 74,370 shares issued and outstanding during 2020. Prepare a single-step income statement for the year ended December 31, 2020. (Round earnings per share to 2 decimal places, e.g. 1.48.) Create an Income...
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)
USE THE FOLLOWING DATA TO ANSWER QUESTIONS 35-40 Annual Income Statements 2013 Sales 500,000 COGS ???? Gross profit 380,000 Oper. exp 225,000 Depreciation 15,000 Operating profit 140,000 Interest exp. 5,000 EBT 135,000 Taxes 50,000 Net Income 85,000 2014 560,000 149,350 410,650 250,100 15,000 145,550 5,000 140,550 56,000 84,550 2014 Cash Accounts rec Inventories Current Assets Net fixed assets Total Assets Annual Balance Sheets 2013 450,000 275,000 280.000 1,005,000 1.125.000 2,130,000 478,500 250,000 325,000 1,053,500 ??? 2,293,500 Notes payable Accounts payable...
1.
Green Caterpillar is able to achieve this level of increased
sales, but its interest costs increase from 10% to 15% of earnings
before interest and taxes (EBIT).
2.
The company’s operating costs (excluding depreciation and
amortization) remain at 65.00% of net sales, and its depreciation
and amortization expenses remain constant from year to year.
3.
The company’s tax rate remains constant at 40% of its pre-tax
income or earnings before taxes (EBT).
4.
In Year 2, Green Caterpillar expects...
Swifty Corporation had net
sales of $2,407,400 and interest revenue of $40,400 during 2020.
Expenses for 2020 were cost of goods sold $1,458,700,
administrative expenses $218,400, selling expenses $281,400, and
interest expense $48,000. Swifty’s tax rate is 30%. The corporation
had 104,200 shares of common stock authorized and 72,630 shares
issued and outstanding during 2020. Prepare a condensed
multiple-step income statement for Swifty Corporation.
Net Sales Cost of Goods Sold Gross Profit/(Loss) Selling Expenses Administrative Expenses Other Revenues and Gains...
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