Develop common size (percentages) income statements and balance sheets INCOME STATEMENT 2004 2005 2006 Sales $145,022...
Develop common size (percentages) income statements and balance sheets
| INCOME STATEMENT | 2004 | 2005 | 2006 | |
| Sales | $145,022 | $172,468 | $205,668 | |
| Cost of Goods Sold | 50,758 | 62,564 | 69,765 | |
| Vending Revenues | 800 | 900 | 775 | |
| Gross Profit | $95,064 | $110,804 | $136,677 | |
| Selling, General and Administration Expense | 56,725 | 67,452 | 78,024 | |
| Depreciation Expense | 700 | 750 | 800 | |
| Earnings before Interest and Taxes | 37,640 | 42,602 | 57,853 | |
| Interest Expense | 2,220 | 1,874 | 2,701 | |
| Profit before Taxes | 35,420 | 40,728 | 55,152 | |
| TAXES (30%) | 10,626 | 12,218 | 16,546 | |
| Net Income | $24,794 | $28,509 | $38,606 |
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Develop common size (percentages) income statements and balance
sheets
INCOME STATEMENT
2004
2005
2006
Sales
$145,022...
Tab, Inc., Income Statements for Fiscal Years 2003, 2004, and 2005 Amount (in millions of dollars)...
Tab, Inc., Income Statements for Fiscal Years 2003, 2004, and 2005 Amount (in millions of dollars) 2005 2004 2003 Revenues $25,000 20,000 $22,000 18,000 $21,000 17,000 Cost of sales $4,000 Gross profit Selling, general, and administrative expenses $5,000 500 $4,000 800 500 Operating income Interest and other nonoperating expense $4,500 200 $3,500 250 $3,200 250 $2,950 Earnings before income taxes Income tax $4,300 1.410 $3,250 975 885 Net income $2,890 $2,275 $2,065 Tab, Inc., Balance Sheets as of End of...
Tab, Inc., Income Statements for Fiscal Years 2003, 2004, and 2005 Amount in millions of dollars)...
Tab, Inc., Income Statements for Fiscal Years 2003, 2004, and 2005 Amount in millions of dollars) 2005 2004 2003 Revenues Cost of sales $25.000 20,000 $22,000 18,000 $21,000 17.000 $4,000 $4,000 Gross profit Selling general, and administrative apenses $5,000 500 500 800 $3.500 $3.200 Operating income Interest and other nonoperating expense $4.500 200 250 250 $2.950 Earnings before income taxes Income tax $4.300 1.410 $3.250 975 885 Net income $2.890 $2.275 $2.065 Tab, Inc., Balance Sheets as of End of...
Balance sheets and income statements for Target Corporation follow Income Statement For Fiscal Years Ended (5...
Balance sheets and income statements for Target Corporation follow Income Statement For Fiscal Years Ended (5 millions) 2006 2005 2004 Sales $51,271 $ 45,682 $ 40,928 Credit card revenues 1,349 1,157 1,097 Total revenues 52,620 46,839 42,025 Cost of sales 34,927 31,445 28,389 Selling, general and administrative expenses 11,185 9,797 8,657 Credit card expenses 737 722 Depreciation and amortization 1,409 1,259 1,098 Earnings before interest and income taxes 4,323 3,601 3,159 Net interest expense 463 570 556 Earnings before income...
Analysis and Interpretation of Profitability Balance sheets and income statements for Target Corporation follow. Income Statement...
Analysis and Interpretation of Profitability Balance sheets and income statements for Target Corporation follow. Income Statement For Fiscal Years Ended ($ millions) 2006 2005 2004 Sales $ 51,271 $ 45,682 $ 40,928 Credit card revenues 1,349 1,157 1,097 Total revenues 52,620 46,839 42,025 Cost of sales 34,927 31,445 28,389 Selling, general and administrative expenses 11,185 9,797 8,657 Credit card expenses 776 737 722 Depreciation and amortization 1,409 1,259 1,098 Earnings before interest and income taxes 4,323 3,601 3,159 Net interest...
Analysis and Interpretation of Profitability Balance sheets and income statements for 3M Company follow. Consolidated Statements...
Analysis and Interpretation of Profitability Balance sheets and income statements for 3M Company follow. Consolidated Statements of Income Years ended December 31 ($ millions) 2006 2005 2004 Net sales $22,923 $ 21,167 $ 20,011 Operating expenses Cost of sales 11,713 10,408 10,002 Selling, general and administrative expenses 5,066 4,631 4,437 Research, development and related expenses 1,522 1,274 1,246 Loss/(gain) from sale of business (1,074) -- -- Total operating expenses 17,227 16,313 15,685 Operating income 5,696 4,854 4,326 Interest expenses and...
Analysis and Interpretation of Profitability Balance sheets and income statements for Target Corporation follow. Income Statement...
Analysis and Interpretation of Profitability Balance sheets and income statements for Target Corporation follow. Income Statement For Fiscal Years Ended ($ millions) 2006 2005 2004 Sales $ 51,271 $ 45,682 $ 40,928 Credit card revenues 1,349 1,157 1,097 Total revenues 52,620 46,839 42,025 Cost of sales 34,927 31,445 28,389 Selling, general and administrative expenses 11,185 9,797 8,657 Credit card expenses 776 737 722 Depreciation and amortization 1,409 1,259 1,098 Earnings before interest and income taxes 4,323 3,601 3,159 Net interest...
Please generate an income statement and balance sheet. 2007 is projected to have net sales of...
Please generate an income statement and balance sheet. 2007 is
projected to have net sales of 2.7 million. Please please show your
work on how everything was calculated
Exhibit 2 Balance Sheet at December 31, 2004-2006, and March 31, 2007 (thousands of dollars) Cash Accounts receivable Inventory Total current assets Property & equipment 2004 S 45 S 187 $.243 $1475 First Quarter 2007 $ 32 $ 290 $ 432 $ 755 Accumulated depreciation Total PP&E, net Total assets $ 187...
Income Statement Year Ended December 31 (In millions) 2005 2004 2003 Net sales Products $ 31,518...
Income Statement Year Ended December 31 (In millions) 2005 2004 2003 Net sales Products $ 31,518 $ 30,202 $ 27,290 Service 5,695 5,324 4,534 37,213 35,526 31,824 Cost of sales Products 27,932 27,637 25,306 Service 5,073 4,765 4,099 Unallocated coporate costs 803 914 443 33,808 33,316 29,848 3,405 2,210 1,976 Other income (expenses), net (449) (121) 43 Operating profit 2,956 2,089 2,019 Interest expense 370 425 487 Earnings before taxes 2,586 1,664 1,532 Income tax expense 761 368 479 Net...
Financial Statements: Develop an Income Statement for 20XX, Cash Flow Statement for 20XX, and Balance Sheet...
Financial Statements: Develop an Income Statement for 20XX, Cash Flow Statement for 20XX, and Balance Sheet as of the end of 20XX based on the data provided below for year 20XX. All sales are collected when the sale is made and all expenses are paid when the expense is incurred. Explain the purpose of each financial statement. Income Statement Data for 20XX: Units produced and sold = 420 Sales ($80 per unit selling price) = $33600 Cost of goods sold...
Luther Corporation Consolidated Income Statement Year ended December 31 (in Smillions) 2006 610.1 (500.2) 109.9 2005...
Luther Corporation Consolidated Income Statement Year ended December 31 (in Smillions) 2006 610.1 (500.2) 109.9 2005 555.9 (350.7) 205.2 Total sales Cost of sales Gross profit Selling, general, and administrative expenses Research and development Depreciation and amortization Operating income (40.5) (246) (3.6) 41.2 (35.7) (20.6) (3.1) 145.8 O A. $297.80 million OB. $119.10 million OC. $178.70 million OD. $148.90 million Click to select your answer. 3 Type here to search RI 15 OT 20 124.0) (3.6) 41.2 (20.0) (3.1) 145.8...
Tab, Inc., Income Statements for Fiscal Years 2003, 2004, and 2005 Amount (in millions of dollars) 2005 2004 2003 Revenues $25,000 20,000 $22,000 18,000 $21,000 17,000 Cost of sales $4,000 Gross profit Selling, general, and administrative expenses $5,000 500 $4,000 800 500 Operating income Interest and other nonoperating expense $4,500 200 $3,500 250 $3,200 250 $2,950 Earnings before income taxes Income tax $4,300 1.410 $3,250 975 885 Net income $2,890 $2,275 $2,065 Tab, Inc., Balance Sheets as of End of...
Tab, Inc., Income Statements for Fiscal Years 2003, 2004, and 2005 Amount in millions of dollars) 2005 2004 2003 Revenues Cost of sales $25.000 20,000 $22,000 18,000 $21,000 17.000 $4,000 $4,000 Gross profit Selling general, and administrative apenses $5,000 500 500 800 $3.500 $3.200 Operating income Interest and other nonoperating expense $4.500 200 250 250 $2.950 Earnings before income taxes Income tax $4.300 1.410 $3.250 975 885 Net income $2.890 $2.275 $2.065 Tab, Inc., Balance Sheets as of End of...
Balance sheets and income statements for Target Corporation follow Income Statement For Fiscal Years Ended (5 millions) 2006 2005 2004 Sales $51,271 $ 45,682 $ 40,928 Credit card revenues 1,349 1,157 1,097 Total revenues 52,620 46,839 42,025 Cost of sales 34,927 31,445 28,389 Selling, general and administrative expenses 11,185 9,797 8,657 Credit card expenses 737 722 Depreciation and amortization 1,409 1,259 1,098 Earnings before interest and income taxes 4,323 3,601 3,159 Net interest expense 463 570 556 Earnings before income...
Please generate an income statement and balance sheet. 2007 is
projected to have net sales of 2.7 million. Please please show your
work on how everything was calculated
Exhibit 2 Balance Sheet at December 31, 2004-2006, and March 31, 2007 (thousands of dollars) Cash Accounts receivable Inventory Total current assets Property & equipment 2004 S 45 S 187 $.243 $1475 First Quarter 2007 $ 32 $ 290 $ 432 $ 755 Accumulated depreciation Total PP&E, net Total assets $ 187...
Luther Corporation Consolidated Income Statement Year ended December 31 (in Smillions) 2006 610.1 (500.2) 109.9 2005 555.9 (350.7) 205.2 Total sales Cost of sales Gross profit Selling, general, and administrative expenses Research and development Depreciation and amortization Operating income (40.5) (246) (3.6) 41.2 (35.7) (20.6) (3.1) 145.8 O A. $297.80 million OB. $119.10 million OC. $178.70 million OD. $148.90 million Click to select your answer. 3 Type here to search RI 15 OT 20 124.0) (3.6) 41.2 (20.0) (3.1) 145.8...
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