Income Statement
Sales $198,520
Costs Except Depreciation (99,010)
EBITDA $99,510
Depreciation (6,080)
EBIT $93,430
Interest Expense (net) (440)
Pretax Income $92,990
Income Tax (23,248)
Net Income $69,742
Balance Sheet
Assets
Cash and Equivalents $15,020
Accounts Receivable 1,940
Inventories 4,090
Total Current Assets $21,050
Property, Plant and Equipment 10,000
Total Assets $31,050
Liabilities and Equity
Accounts Payable $1,410
Debt 4,080
Total Liabilities $5,490
Stockholders' Equity 25,560
Total Liabilities and Equity $31,050
Jim's Espresso expects sales to grow by 10.1% next year. Using the following statements and the percent of sales method, forecast:
a. Costs
b. Depreciation
c. Net Income
d. Cash
e. Accounts receivable
f. Inventory
g. Property, plant, and equipment
The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career.
Income Statement Sales $198,520 Costs Except Depreciation (99,010) EBITDA $99,510 Depreciation (6,080) EBIT $93,430 Interest Expense...
Income Statement Sales $191,140 Costs Except Depreciation (99,590) EBITDA $91,550 Depreciation (6,010) EBIT $85,540 Interest Expense (net) (570) Pretax Income $84,970 Income Tax (29,740) Net Income $55,230 Balance Sheet Assets Cash and Equivalents $15,070 Accounts Receivable 2,040 Inventories 4,070 Total Current Assets $21,180 Property, Plant and Equipment 9,980 Total Assets $31,160 Liabilities and Equity Accounts Payable $1,510 Debt 3,940 Total Liabilities $5,450 Stockholders' Equity 25,710 Total Liabilities and Equity $31,160 I'm trying to find forecasted cost the answer I...
Jim's Espresso expects sales to grow by 10.1 % next year. Assume that Jim's pays out 80.7 % of its net income. Use the following statements and the percent of sales method to forecast: a. Stockholders' equity b. Accounts payable The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices...
Jim's Espresso expects sales to grow by 10.1% next year. Using the following statements and the percent of sales method, forecast: a. Costs b. Depreciation c. Net Income d. Cash e. Accounts receivable f. Inventory g. Property, plant, and equipment (Noto: Make sure to round all intermediate calculations to at least five decimal places.) The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this...
Jim's Espresso expects sales to grow by 10.3 % next year. Using the following statements and the percent of sales method, forecast: a. Costs b. Depreciation c. Net Income d. Cash e. Accounts receivable f. Inventory g. Property, plant, and equipment (Note:Make sure to round all intermediate calculations to at least five decimal places.) The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this...
P 18-5 (similar to) Question Help Jim's Espresso expects sales to grow by 9.5% next year. Assume that Jim's pays out 80.3% of its net income. Use the following statements and the percent of sales method to forecast: a. Stockholders' equity b. Accounts payable The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return...
Jim's Espresso expects sales to grow by 10.0% next year. Assume that Jim's pays out 90% of its net income. Use the following statements and the percent of sales method to forecast: a. Stockholders' equity b. Accounts payable The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your...
Jim's Espresso expects sales to grow by 10.0% next year. Assume that Jim's pays out 90% of its net income. Use the following statements and the percent of sales method to forecast: a. Stockholders' equity b. Accounts payable The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your...
11 pts INCOME STATEMENT Sales/Revenue COGS excluding D&A Depreciation & Amortization Expense Gross Income EBIT SG&A Expense Unusual Expense Interest Expense Pretax Income Income Tax - Current Domestic Consolidated Net Income 2020 19,974 11,990 1,067 6,917 5,705 104 207 901 159 691 2019 20,229 12,199 964 7,066 5,601 167 256 1,042 272 801 5-step DuPont CALCULATE DUPONT FOR 2020 ONLY Ue AVG Assets, Equity 2020 ONLY AVG ASSET TURNOVER INTEREST BURDEN TAX BURDEN EBIT MARGIN EQUITY MULTIPLIER BALANCE SHEET Cash...
1.) Your company has sales of $ 90, 700 this year and cost of goods sold of $ 63,500. You forecast sales to increase to $ 111,700 next year. Using the percent of sales method, forecast next year's cost of goods sold. The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard...
Sales 210,000 Operating Cost 160,000 EBITDA 50,000 Depreciation 6,000 EBIT 44,000 Interest 5,350 EBT 38,650 TAXES(25%) 9,662 Net Income 28,988 Dividends Paid 19,718 stock price per share as of Dec. 31 2019 $25 o 6. Using the information from the financial statements complet 1. PE ratio 2. Price Book ratio 3. Pricel Sales ratio 4. Days Sales Outstanding at 5. Inventory Turnoverato 6. Debt ratio 7. Return on Equity ratio Income sement for Operating costs co m Deprecision and more...