Create a side by side common size income statement for Cam Bowls Soup Company for 2015...
Create a side by side common size income statement for Cam Bowls Soup Company for 2015 & 2016.
2015 2016
COGS 3,134,040 3,745,560
Corporate income tax 142,187 656,160
Depreciation Exp 35,672 49,049
Facilities Exp 112,112 123,578
Interest Exp 78,478 89,180
Legal Exp 443,352 312,130
Net Sales $5,096,000 $6,370,000
Wages & Payroll Exp 723,600 1,095,640
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Create a side by side
common size income statement for Cam Bowls Soup Company for 2015...
Using the income statement from 2015 and the new information below please create the income statement...
Using the income statement from 2015 and the new information below please create the income statement for 2016. OBD Inc. Income Statement For the Year Ended December 31, 2015 Sales 1000000 Cost of goods sold 400000 Gross profit (60% x $1000000) 600000 Operating expenses: Depreciation expense 5000 Selling and administrative expense 475000 Operating income (12% x $1000000) 120000 Interest expense (8% x $300000) 64000 Income before income taxes 56000 Income tax expense (27% x $56000) 15120 Net income 40880 New...
Common-Size Income Statements Following is the income statement for Target Corporation. Prepare Target's common-size income statement...
Common-Size Income Statements Following is the income statement for Target Corporation. Prepare Target's common-size income statement for the fiscal year ended January 31, 2015 (Round your answers to one decimal place.) Fiscal year ended (5 millions) January 31, 2015 Sales revenue $72,618 Cost of sales 51,278 Selling, general and administrative expenses 14,676 Depreciation and amortization 2,129 Earnings from continuing operations before interest and income taxes 4,535 Net interest expense 882 3,653 Earnings from continuing operations before income taxes 1.204 Provision...
1. Create Income Statement for 2014 & 2015 2. Create Balance Sheet for 2014 & 2015...
1. Create Income Statement for 2014 & 2015 2. Create Balance Sheet for 2014 & 2015 3. Create Cash Flow Statement for 2015 Please show answers and formulas. 2014 2015 Accounts Payable $2,065,168 $3,732,362 Accounts Receivable 47,677,904 53,413,866 Cash 5,786,943 1,260,691 Common Stock 27,280,000 27,280,000 Cost of Goods Sold 45,014,348 50,298,751 Depreciation Expense 975,000 975,000 Dividends 1,200,000 1,200,000 Interest Expense 90,430 103,266 Inventory 8,399,133 8,989,075 Long-Term Debt 0 0 ...
Prepare a comparative common-size income statement for Jubilee Corporation. To an investor, how does 2017 compare...
Prepare a comparative common-size income statement for Jubilee Corporation. To an investor, how does 2017 compare with 2016? Explain your reasoning. E (Click the icon to view the comparative income statement.) Data Table Start by calculating the percentages. (Round the percentages to two decimal places, X.XX.) Jubilee Corporation Comparative Common-Size Income Statement Income Statement For the Years Ended December 31, 2017 and 2016 For the Years Ended December 31, 2017 and 2016 2017 2016 (amounts in thousands) Sales revenues 100.00...
Complete a common size income statement (vertical analysis) for each of the following companies Yum! Brands,...
Complete a common size income statement (vertical analysis) for each of the following companies Yum! Brands, Inc Panera Bread Starbucks The common size income statement is for the three most recent years using the following information Complete the assignment using Excel (show formulas please) Yum! Brands, Inc. IN BILLIONS Net sales Gross profit Net income 2015 6.44B 3.44B 1.29B 2016 6.36B 2.67B 1.64B 2017 5.88B 2.69B 1.34B Panera bread IN MILLIONS Net sales Gross profit Net income 2015 691.77M 69.88M...
Prepare a pro forma income statement for 2015 using the percent-of-sales method. What is the expected...
Prepare a pro forma
income statement for 2015 using the percent-of-sales method. What
is the expected net income?
We also know the break-down into fixed and variable costs for
2014:
Prepare a pro forma income statement for 2015 using the
percent-of-sales method and distinguish between fixed and variable
costs. What is the expected net income?
Intro Income statement for 2014 Line item Sales - COGS = Gross profit - SG&A - Depreciation = Operating profit - Interest = Taxable income...
Practice: E18-4 (page 1071) - Vertical Analysis & Common Size Income Statement 2020 $533,000 2019 $465,000...
Practice: E18-4 (page 1071) - Vertical Analysis & Common Size Income Statement 2020 $533,000 2019 $465,000 Total Revenue Expenses COGS Selling & general Interest Wages Total Expenses Net Income 235,000 140,000 10,000 51,000 436,000 $ 97,000 202,000 135,000 6,000 41,000 384,000 $ 81,000 Practice vertical analysis of the balance sheet: E18-3 (page 1070).
7.pts Compute "Common Size Statement" for Financial Statement data, enter answers in right column Income Statement...
7.pts Compute "Common Size Statement" for Financial Statement data, enter answers in right column Income Statement Revenue Cost of goods GROSS PROFIT COMPUTE COMMON SIZE STATEMENT BELOW 280 195 85 Sell + Admin Exps Depreciation Exps EBIT Interest Expense Income before Tax Income Tax NET INCOME 30 5 50 4 46 16 30 BALANCE SHEET Cash Accts Receivable Inventory Tot Current Assets Plant & Equipment Total Assets Current Liabilities Long Term Debt Total Liabilities Shareholder Equity TOT. LIABS + EQUITY...
Need help with what I got wrong, please. Common-Size Income Statements Following is the income statement...
Need help with what I got wrong, please.
Common-Size Income Statements Following is the income statement for Target Corporation. Prepare Target's common-size income statement for the fiscal year ended February 3, 2018. Fiscal year ended ($ millions) February 3, 2018 Sales revenue $71,879 Cost of sales 51,125 Selling, general and administrative expenses 14,248 Depreciation and amortization 2,194 Earnings from continuing operations before interest and income taxes 4,312 Net interest expense 666 Earnings from continuing operations before income taxes 3,645 Provision...
Use the following information for the remaining problems. First, construct an income statement and two balance...
Use the following information for the remaining problems. First, construct an income statement and two balance sheets. Enter all answers as whole dollar numbers with no $ or commas (e.g. 20000). 2015 Sales = $60,000 2015 COGS = $25,000 2015 SG&A Expense = $10,000 2015 Depreciation Expense = $5,000 2015 Interest Expense = $3,000 Average Tax Rate = 30% Dividend Payout Ratio = 55% 2015 Current Assets = $24,000 and 2016 Current Assets = $27,000 2015 Net Working Capital =...
Common-Size Income Statements Following is the income statement for Target Corporation. Prepare Target's common-size income statement for the fiscal year ended January 31, 2015 (Round your answers to one decimal place.) Fiscal year ended (5 millions) January 31, 2015 Sales revenue $72,618 Cost of sales 51,278 Selling, general and administrative expenses 14,676 Depreciation and amortization 2,129 Earnings from continuing operations before interest and income taxes 4,535 Net interest expense 882 3,653 Earnings from continuing operations before income taxes 1.204 Provision...
Prepare a comparative common-size income statement for Jubilee Corporation. To an investor, how does 2017 compare with 2016? Explain your reasoning. E (Click the icon to view the comparative income statement.) Data Table Start by calculating the percentages. (Round the percentages to two decimal places, X.XX.) Jubilee Corporation Comparative Common-Size Income Statement Income Statement For the Years Ended December 31, 2017 and 2016 For the Years Ended December 31, 2017 and 2016 2017 2016 (amounts in thousands) Sales revenues 100.00...
Complete a common size income statement (vertical analysis) for each of the following companies Yum! Brands, Inc Panera Bread Starbucks The common size income statement is for the three most recent years using the following information Complete the assignment using Excel (show formulas please) Yum! Brands, Inc. IN BILLIONS Net sales Gross profit Net income 2015 6.44B 3.44B 1.29B 2016 6.36B 2.67B 1.64B 2017 5.88B 2.69B 1.34B Panera bread IN MILLIONS Net sales Gross profit Net income 2015 691.77M 69.88M...
Prepare a pro forma
income statement for 2015 using the percent-of-sales method. What
is the expected net income?
We also know the break-down into fixed and variable costs for
2014:
Prepare a pro forma income statement for 2015 using the
percent-of-sales method and distinguish between fixed and variable
costs. What is the expected net income?
Intro Income statement for 2014 Line item Sales - COGS = Gross profit - SG&A - Depreciation = Operating profit - Interest = Taxable income...
Practice: E18-4 (page 1071) - Vertical Analysis & Common Size Income Statement 2020 $533,000 2019 $465,000 Total Revenue Expenses COGS Selling & general Interest Wages Total Expenses Net Income 235,000 140,000 10,000 51,000 436,000 $ 97,000 202,000 135,000 6,000 41,000 384,000 $ 81,000 Practice vertical analysis of the balance sheet: E18-3 (page 1070).
7.pts Compute "Common Size Statement" for Financial Statement data, enter answers in right column Income Statement Revenue Cost of goods GROSS PROFIT COMPUTE COMMON SIZE STATEMENT BELOW 280 195 85 Sell + Admin Exps Depreciation Exps EBIT Interest Expense Income before Tax Income Tax NET INCOME 30 5 50 4 46 16 30 BALANCE SHEET Cash Accts Receivable Inventory Tot Current Assets Plant & Equipment Total Assets Current Liabilities Long Term Debt Total Liabilities Shareholder Equity TOT. LIABS + EQUITY...
Need help with what I got wrong, please.
Common-Size Income Statements Following is the income statement for Target Corporation. Prepare Target's common-size income statement for the fiscal year ended February 3, 2018. Fiscal year ended ($ millions) February 3, 2018 Sales revenue $71,879 Cost of sales 51,125 Selling, general and administrative expenses 14,248 Depreciation and amortization 2,194 Earnings from continuing operations before interest and income taxes 4,312 Net interest expense 666 Earnings from continuing operations before income taxes 3,645 Provision...
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