Soporific Games is expecting revenues of $782,431 next year. Last year, net property, plant, and equipment...

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Soporific Games is expecting revenues of $782,431 next year. Last year, net property, plant, and equipment was $88,464 and debt was $11,469. Assume a depreciation rate of 22.8%, CAPEX of $26,926, and a cost of debt of 10%. Use the table below and the information provided to forecast Soporific's net income for next year. Soporific Games Inc. Select Financial Information Last Year Revenues Cost of Goods Sold SG&A Depreciation EBIT Interest Expense Pre-Tax Income Income Taxes Net Income Next year's net income = $ 732,794 596,284 81,534 22,241 32,735 1,451 31,284 10,440 20,844 Next Year 782,431 Soporific Games is expecting revenues of $782,431 next year. Last year, net property, plant, and equipment was $88,464 and debt was $11,469. Assume a depreciation rate of 22.8%, CAPEX of $26,926, and a cost of debt of 10%. Use the table below and the information provided to forecast Soporific's net income for next year. Soporific Games Inc. Select Financial Information Last Year Revenues Cost of Goods Sold SG&A Depreciation EBIT Interest Expense Pre-Tax Income Income Taxes Net Income Next year's net income = $ 732,794 596,284 81,534 22,241 32,735 1,451 31,284 10,440 20,844 Next Year 782,431

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To forecast Soporifics net income for next year we can start by calculating the depreciation exp... View the full answer