At the beginning of the accounting period, the company had 1775000 of loans and 2000000
Question:
At the beginning of the accounting period, the company had 1775000 € of loans and 2000000 € of non-current assets. There were no accounts receivable, but there were 240000 € of accounts payable. The value of inventory was 240000 € at the beginning of the accounting period and 2000000 € at the end of it. The material costs were 52 € on average and the selling price was 100 €. In addition, the following information is given on the events in the company during the accounting period: The company has delivered 100000 products to the customers according to the billing information. 9000000 € has been received from the customers of these products. According to the bills, the company has received 5200000 € worth of materials of which 5044000 € has been paid. Other expenses of business including depreciations are 4800000 €. The total planned depreciations for the accounting period are 20 % of the value of non-current assets. The interest rate of the loans is 5 %. The income tax percentage is 20 %. Give the following information for the income statement in euros. Use a minus sign only when asked.
a. Revenue =
b. Cost of Goods Sold =
c. Gross margin =
d. EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization), use a minus sign if this is negative =
e. Planned depreciations =
f. Operating income (use a minus sign, if this is negative) =
g. Interest =
h. Income taxes (use a minus sign if the operating profit is negative) =
i. Profit for the financial year (use a minus sign, if this is negative) =