Forever 21 Inc has the income statement shown Below. What is the Net Profit Margin? Round your
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Forever 21 Inc has the income statement shown Below. What is the Net Profit Margin? Round your answers.
INCOME STATEMENT | |
Net Sales | $31,000,000 |
Cost of Goods Sold | $10,230,000 |
Gross Profit | $20,770,000 |
Depreciation Expense | $2,200,000 |
S&A Expenses | $1,088,000 |
Operating Income (EBIT) | $17,482,000 |
Interest Expense | $3,600,000 |
Income before Taxes | $13,882,000 |
Income Taxes (42%) | $5,830,440 |
Net Income | $8,051,560 |
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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