Question Details

(solution) Given the following information: Sales Growth Rate 25% COGS /


Given the following information:

Sales Growth Rate

25%

COGS / Sales

65%

Operating Expense / Sales

20%

Depreciation Expense (000)

$40

Interest Expense (000)

$10

Tax Rate

40%

Dividends (000)

$20

Calculate the following information for 20X1:

Income Statement (000)





20X0


20X1

Sales

1500


 

Cost of goods sold

975


 

Gross profit

525


 

Operating costs

300


 

Depreciation expense

40


 

Net Operating Profit

185


 

Interest Expense

10


 

Earnings Before Taxes

175


 

Taxes

70


 

Net Income

105


 

Dividends

$20


 

Addition to Retained Earnings

$85


 


ncome Statement

 

(000) Sales 20X0

 

1500 20X1

 

1875 Cost of goods sold 975 1219 Gross profit 525 656.25 Operating costs 300 375 Depreciation

 

expense 40 40 Net Operating

 

Profit 185 241.25 Interest...

 


Solution details:

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DATE ANSWERED

Sep 13, 2020

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