Forecast the Income Statement for 2019 and 2020. Some assumptions are provided for forecasting the line items and some are not. you need to provide support for each projection made
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Forecast the Income Statement for 2019 and 2020. Some assumptions are provided for forecasting th...
Austin Grocers recently reported the following 2019 income statement (in millions of dollars): Sales $700 Operating...
Austin Grocers recently reported the following 2019 income statement (in millions of dollars): Sales $700 Operating costs including depreciation 500 EBIT $200 Interest 40 EBT $160 Taxes (25%) 40 Net income $120 Dividends $40 Addition to retained earnings $80 For the coming year, the company is forecasting a 35% increase in sales, and it expects that its year-end operating costs, including depreciation, will equal 75% of sales. Austin's tax rate, interest expense, and dividend payout ratio are all expected to...
Austin Grocers recently reported the following 2019 income statement (in millions of dollars): Sales $700 Operating...
Austin Grocers recently reported the following 2019 income statement (in millions of dollars): Sales $700 Operating costs including depreciation 500 EBIT $200 Interest 40 EBT $160 Taxes (25%) 40 Net income $120 Dividends $40 Addition to retained earnings $80 For the coming year, the company is forecasting a 35% increase in sales, and it expects that its year-end operating costs, including depreciation, will equal 60% of sales. Austin's tax rate, interest expense, and dividend payout ratio are all expected to...
4. Problem 17.04 (Pro Forma Income Statement) eBook Austin Grocers recently reported the following 2018 income...
4. Problem 17.04 (Pro Forma Income Statement) eBook Austin Grocers recently reported the following 2018 income statement (in millions of dollars): Sales $700 Operating costs including depreciation 500 EBIT $200 Interest EBT $160 Taxes (40%) 64 Net income $96 Dividends Addition to retained earnings $32 $64 For the coming year, the company is forecasting a 30% increase in sales, and it expects that its year-end operating costs, including depreciation, will equal 60% of sales. Austin's tax rate, interest expense, and...
PRO FORMA INCOME STATEMENT Austin Grocers recently reported the following 2016 income statement in millions of...
PRO FORMA INCOME STATEMENT Austin Grocers recently reported the following 2016 income statement in millions of dollars): $700 Sales Operating costs including depreciation 500 EBIT $200 Interest 40 EBT $160 Taxes (40%) 64 Net income $96 Dividends $32 $64 Addition to retained earnings For the coming year, the company is forecasting a 35% increase in sales, and it expects that its year-end operating costs, including depreciation, will equal 60% of sales. Austin's tax rate, interest expense, and dividend payout ratio...
PRO FORMA INCOME STATEMENT Austin Grocers recently reported the following 2016 income statement (in millions of...
PRO FORMA INCOME STATEMENT Austin Grocers recently reported the following 2016 income statement (in millions of dollars): Sales Operating costs including depreciation EBIT $700 500 $200 Interest 40 $160 EBT Taxes (40%) Net income 64 $96 Dividends $32 Addition to retained earnings $64 For the coming year, the company is forecasting a 15% increase in sales, and it expects that its year-end operating costs, including depreciation, will equal 60% of sales. Austin's tax rate, interest expense, and dividend payout ratio...
PRO FORMA INCOME STATEMENT Austin Grocers recently reported the following 2016 income statement (in millions of...
PRO FORMA INCOME STATEMENT Austin Grocers recently reported the following 2016 income statement (in millions of dollars): Sales Operating costs including depreciation $700 500 EBIT $200 40 Interest EBT $160 Taxes (40%) Net income $96 $32 Dividends Addition to retained earnings $64 For the coming year, the company is forecasting a 25% increase in sales, and it expects that its year-end operating costs, including depreciation, will equal 65% of sales. Austin's tax rate, interest expense, and dividend payout ratio are...
PRO FORMA INCOME STATEMENT Austin Grocers recently reported the following 2016 income statement (in millions of...
PRO FORMA INCOME STATEMENT Austin Grocers recently reported the following 2016 income statement (in millions of dollars): Sales $700 Operating costs including depreciation 500 EBIT $200 Interest 40 EBT $160 Taxes (40%) 64 Net income $96 Dividends $32 Addition to retained earnings $64 For the coming year, the company is forecasting a 20% increase in sales, and it expects that its year-end operating costs, including depreciation, will equal 65% of sales. Austin's tax rate, interest expense, and dividend payout ratio...
4. Problem 16.04 PRO FORMA INCOME STATEMENT Austin Grocers recently reported the following 2016 income statement (in...
4. Problem 16.04 PRO FORMA INCOME STATEMENT Austin Grocers recently reported the following 2016 income statement (in millions of dollars): Sales $700 Operating costs including depreciation 500 EBIT $200 Interest 40 EBT $160 Taxes (40%) 64 Net income $96 Dividends $32 Addition to retained earnings $64 For the coming year, the company is forecasting a 25% increase in sales, and it expects that its year-end operating costs, including depreciation, will equal 65% of sales. Austin's tax rate, interest expense, and dividend...
ustin Grocers recently reported the following 2016 income statement (in millions of dollars): Sales $700 Operating...
ustin Grocers recently reported the following 2016 income statement (in millions of dollars): Sales $700 Operating costs including depreciation 500 EBIT $200 Interest 40 EBT $160 Taxes (40%) 64 Net income $96 Dividends $32 Addition to retained earnings $64 For the coming year, the company is forecasting a 25% increase in sales, and it expects that its year-end operating costs, including depreciation, will equal 60% of sales. Austin's tax rate, interest expense, and dividend payout ratio are all expected to...
Austin Grocers recently reported the following 2016 income statement in millions of dollars): Sales $700 500...
Austin Grocers recently reported the following 2016 income statement in millions of dollars): Sales $700 500 Operating costs including depreciation EBIT $200 Interest 40 $160 EBT Taxes (40%) 64 Net income $96 Dividends $32 $64 Addition to retained earnings For the coming year, the company is forecasting a 35% increase in sales, and it expects that its year-end operating costs, including depreciation, will equal 65% of sales. Austin's tax rate, interest expense, and dividend payout ratio are all expected to...
4. Problem 17.04 (Pro Forma Income Statement) eBook Austin Grocers recently reported the following 2018 income statement (in millions of dollars): Sales $700 Operating costs including depreciation 500 EBIT $200 Interest EBT $160 Taxes (40%) 64 Net income $96 Dividends Addition to retained earnings $32 $64 For the coming year, the company is forecasting a 30% increase in sales, and it expects that its year-end operating costs, including depreciation, will equal 60% of sales. Austin's tax rate, interest expense, and...
PRO FORMA INCOME STATEMENT Austin Grocers recently reported the following 2016 income statement in millions of dollars): $700 Sales Operating costs including depreciation 500 EBIT $200 Interest 40 EBT $160 Taxes (40%) 64 Net income $96 Dividends $32 $64 Addition to retained earnings For the coming year, the company is forecasting a 35% increase in sales, and it expects that its year-end operating costs, including depreciation, will equal 60% of sales. Austin's tax rate, interest expense, and dividend payout ratio...
PRO FORMA INCOME STATEMENT Austin Grocers recently reported the following 2016 income statement (in millions of dollars): Sales Operating costs including depreciation EBIT $700 500 $200 Interest 40 $160 EBT Taxes (40%) Net income 64 $96 Dividends $32 Addition to retained earnings $64 For the coming year, the company is forecasting a 15% increase in sales, and it expects that its year-end operating costs, including depreciation, will equal 60% of sales. Austin's tax rate, interest expense, and dividend payout ratio...
PRO FORMA INCOME STATEMENT Austin Grocers recently reported the following 2016 income statement (in millions of dollars): Sales Operating costs including depreciation $700 500 EBIT $200 40 Interest EBT $160 Taxes (40%) Net income $96 $32 Dividends Addition to retained earnings $64 For the coming year, the company is forecasting a 25% increase in sales, and it expects that its year-end operating costs, including depreciation, will equal 65% of sales. Austin's tax rate, interest expense, and dividend payout ratio are...
Austin Grocers recently reported the following 2016 income statement in millions of dollars): Sales $700 500 Operating costs including depreciation EBIT $200 Interest 40 $160 EBT Taxes (40%) 64 Net income $96 Dividends $32 $64 Addition to retained earnings For the coming year, the company is forecasting a 35% increase in sales, and it expects that its year-end operating costs, including depreciation, will equal 65% of sales. Austin's tax rate, interest expense, and dividend payout ratio are all expected to...
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