INCOME COGS SUPERFARM PRO FORMA INCOME STATEMENT for the year ended 2020 to 2022 Mower Sales...
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INCOME COGS SUPERFARM PRO FORMA INCOME STATEMENT for the year ended 2020 to 2022 Mower Sales Tractor Sales Total Sales Mower COGS Tractor COGS Total COGS Gross Profit OPERATING EXPENSES Administrative Depreciation Interest Selling Expenses Total Operating Expenses NET INCOME BEFORE INCOME TAXES Income Tax Expenses (50%) NET INCOME Requirements: FY - 2020 $26,504,465.20 $32,140,393.08 $37,816,165.10 $225,090,305.07 $288,442,191.69 $369,393,513.46 251,594,770.27 320,582,584.78 407,209,678.56 9,812,196.04 3,270,732.01 251,594.77 45,287,058.65 58,621,581.47 8,799,482.45 10,670,610.50 12,554,966.81 122,899,306.57 157,489,436.66 201,688,858.35 131,698,789.02 168,160,047.17 214,243,825.16 119,895,981.26 152,422,537.61 61,274,399.78 FY - 2021 30,637,199.89 30,637,199.89 12,502,720.81 4,167,573.60 320,582.58 57,704,865.26 74,695,742.25 77,726,795.36 FY - 2022 38,863,397.68 38,863,397.68 192,965,853.40 15,881,177.46 5,293,725.82 407,209.68 73,297,742.14 94,879,855.10 98,085,998.29 49,042,999.15 49,042,999.15 Analyze the income statements and point out 5 points that the company can follow to improve the net margin INCOME COGS SUPERFARM PRO FORMA INCOME STATEMENT for the year ended 2020 to 2022 Mower Sales Tractor Sales Total Sales Mower COGS Tractor COGS Total COGS Gross Profit OPERATING EXPENSES Administrative Depreciation Interest Selling Expenses Total Operating Expenses NET INCOME BEFORE INCOME TAXES Income Tax Expenses (50%) NET INCOME Requirements: FY - 2020 $26,504,465.20 $32,140,393.08 $37,816,165.10 $225,090,305.07 $288,442,191.69 $369,393,513.46 251,594,770.27 320,582,584.78 407,209,678.56 9,812,196.04 3,270,732.01 251,594.77 45,287,058.65 58,621,581.47 8,799,482.45 10,670,610.50 12,554,966.81 122,899,306.57 157,489,436.66 201,688,858.35 131,698,789.02 168,160,047.17 214,243,825.16 119,895,981.26 152,422,537.61 61,274,399.78 FY - 2021 30,637,199.89 30,637,199.89 12,502,720.81 4,167,573.60 320,582.58 57,704,865.26 74,695,742.25 77,726,795.36 FY - 2022 38,863,397.68 38,863,397.68 192,965,853.40 15,881,177.46 5,293,725.82 407,209.68 73,297,742.14 94,879,855.10 98,085,998.29 49,042,999.15 49,042,999.15 Analyze the income statements and point out 5 points that the company can follow to improve the net margin
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Increase sales The most obvious way to improve net margin is to increase sales The company can do th... View the full answer
Related Book For
Principles Of Managerial Finance
ISBN: 978-0136119463
13th Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
Posted Date:
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