Complete the pro forma income statements below. (Do not round Intermediate calculations and round your answers...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Complete the pro forma income statements below. (Do not round Intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Sales Costs Other expenses EBIT Interest paid Taxable income Taxes (23%) Net income Dividends Add to RE EFN 15% Sales Growth S S S S S Answer is complete but not entirely correct. Pro Forma Income Statement 15% 886,650 $ 721,050✔ 37,950✔ 127,650 17,200✔ 110,450 25,403 20% Sales Growth 38,076 46,972 s 85,047✔✔ $ Is 20% $ 925,200 752,400 39,600 133,200 45% Sales Growth $ 1,117.950 909,150 S 17,200✔ 116,000 $ 26,680✔ 89,320✔✔ $ 39,989 S 43,242 X Calculate the EFN for 15, 20 and 45 percent growth rates. (A negative answer should be Indicated by a minus sign. Do not round Intermediate calculations and round your answers to the nearest whole number, e.g., 32.) 45% 47,850 160,950 17,200 143,750 33,063✔ 110,688 49,555 61,133 Complete the pro forma income statements below. (Do not round Intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Sales Costs Other expenses EBIT Interest paid Taxable income Taxes (23%) Net income Dividends Add to RE EFN 15% Sales Growth S S S S S Answer is complete but not entirely correct. Pro Forma Income Statement 15% 886,650 $ 721,050✔ 37,950✔ 127,650 17,200✔ 110,450 25,403 20% Sales Growth 38,076 46,972 s 85,047✔✔ $ Is 20% $ 925,200 752,400 39,600 133,200 45% Sales Growth $ 1,117.950 909,150 S 17,200✔ 116,000 $ 26,680✔ 89,320✔✔ $ 39,989 S 43,242 X Calculate the EFN for 15, 20 and 45 percent growth rates. (A negative answer should be Indicated by a minus sign. Do not round Intermediate calculations and round your answers to the nearest whole number, e.g., 32.) 45% 47,850 160,950 17,200 143,750 33,063✔ 110,688 49,555 61,133
Expert Answer:
Answer rating: 100% (QA)
Sales Growth Rate 15 20 45 Net Income 85047 89320 110688 Dividends 38076 39989 49555 Add to RE 46972 ... View the full answer
Related Book For
Posted Date:
Students also viewed these finance questions
-
Determine the regression equation Negative amounts should be indicated by a minus sign Round your answers to 3 decimal places X Y Picture Picture Picture 2 Picture 2 Picture Picture 5 13 2375 5641 3...
-
Complete the following activities and submit your answers to your instructor in a Word document formatted to proper APA specifications. Include any relevant supporting computations and explanations....
-
Preparing pro forma income statements with different assumptions Norman Jelen, the controller of Wing Corporation, is trying to prepare a sales budget for the coming year. The income statements for...
-
Determine whether the following code fragment takes linear time, quadratic time, or cubic time (as a function of \(n\) ). for (int i = 0; i < n; i++) for (int j = 0; j < n; j++) j) C[i][j] 1.0; if (i...
-
A multinational fast-food corporation plans to locate a restaurant in La Paz, Bolivia. Secondary data for this city are sketchy and outdated. How might you determine the best location using...
-
A 1.1-kg peregrine falcon moving due East at 54 m/s grabs onto a 1.2-kg Mallard duck in mid-air. It only takes 0.025 seconds for the falcon to latch onto the duck, after which the two are moving due...
-
Consider the gasoline mileage performance data in Table B.3. a. Use the all-possible-regressions approach to find an appropriate regression model. b. Use stepwise regression to specify a subset...
-
Bob and Melissa Grant are married and live in Lexington, Kentucky. The Grants have 17-year old twin daughters. The Grants would like to file a joint tax return for the year. The following information...
-
The density of a fluid changes with depth from the surface h according to the following formula: (h) = ch 2 , where c is a constant. A. What an expression for the gauge pressure p as a function of...
-
Captain America Corporation is a small private corporation that sells desktop printers to local businesses and schools. On May 1, 2021, the following were the account balances of Captain America...
-
Brown Technical Institute (BTI), a school owned by Paul Brown, provides training to individuals who pay tuition directly to the school. BTI also offers training to groups in off-site locations. Its...
-
In each of the following scenarios, state whether the labor supply curve would shift to the left, to the right, not shift at all, or if the shift is ambiguous because there is more than one effect...
-
Are the lights in a house wired in series, in parallel, or a combination of the two?
-
A 6-gauge copper wire \((4.115-\mathrm{mm}\) diameter) carries a current of \(1.20 \mathrm{~A}\). What is the wire's current density?
-
During the entry of the Apollo space vehicle into the Earth's atmosphere, the Mach number at a given point on the trajectory was \(M=38\) and the atmosphere temperature was \(270 \mathrm{~K}\)....
-
A battery that initially contains \(3.0 \times 10^{24}\) electrons is used to power a light bulb for some time interval, pumping \(1.1 \times 10^{24}\) electrons through the bulb during that...
-
Caba Corporation's sales budget for the first half of the year is as follows: Budgeted Sales $ 115,000 January February March April May June Total: $ 198,000 $ 220,000 $ 250,000 $ 210,000 $ 290,000 $...
-
Why do CPA firms sometimes use a combination of positive and negative confirmations on the same audit?
-
General Motors ended its 2007 year with shareholders' equity of $37,094 million at December 31 (yes, negative equity!). Six months later, at June 30, 2008, it reported $56,990 million in equity...
-
An analyst calculates residual operating income of $35.7 million from financial statements for 2009, using a required return for operations of 10 percent. She also forecasts residual operating income...
-
A share trades at a price-to-book ratio of 0.7. An analyst who forecasts an ROCE of 12 percent each year in the future, and sets the required equity return at 10 percent, recommends a hold position....
-
Imagine that a company is converting from conventional mass technology to a highly flexible, computerized, integrated production system. List structural and behavioural problems that the company...
-
Discuss this statement: The effects of advanced information technology on job design and organizational structure are highly predictable.
-
Distinguish among pooled interdependence, sequential interdependence, and _ reciprocal interdependence in terms of the key problem each poses for organizational effectiveness.
Study smarter with the SolutionInn App