Make a projection of the company's net income considering the given information. Do not forget to...
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Make a projection of the company's net income considering the given information. Do not forget to write the given information before proceeding to the questions. Round the answer to the nearest whole number. The CEO of PDL Corporation would like to see a five-year (2023-2027) cumulative net income projection. Consider the following information from 2022 as the basis. Assume the following: 1. Sales revenues increased by 10% each year. 2. Cost of sales increased by 12% each year. 3. Operating expenses increased by 11% each year. 4. Income tax rate is 35%. Gross Sales Less: Cost of Sales Gross Profit Less: Operating Expenses Net Income Before Tax Income Tax Expenses Net Income After Tax 2022 1,988,500.00 980,000.00 1,008,500.00 100,850.00 907,650.00 317,678.00 589,972.00 2023 2024 2025 Year 5 Make a projection of the company's net income considering the given information. Do not forget to write the given information before proceeding to the questions. Round the answer to the nearest whole number. The CEO of PDL Corporation would like to see a five-year (2023-2027) cumulative net income projection. Consider the following information from 2022 as the basis. Assume the following: 1. Sales revenues increased by 10% each year. 2. Cost of sales increased by 12% each year. 3. Operating expenses increased by 11% each year. 4. Income tax rate is 35%. Gross Sales Less: Cost of Sales Gross Profit Less: Operating Expenses Net Income Before Tax Income Tax Expenses Net Income After Tax 2022 1,988,500.00 980,000.00 1,008,500.00 100,850.00 907,650.00 317,678.00 589,972.00 2023 2024 2025 Year 5
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Project the companys net income for the years 2023 to 2027 Calculate Sales Revenues for each year assuming a 10 increase each year 2023 198850000 110 ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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