Question: Please answer and show me how you got it (: thank you Looking ahead to the following year, the company s cro has assembled this
Looking ahead to the following year, the company s cro has assembled this informotion: - Year-end sales are expected to be 13% higher than the 53 billion in sales generated last year. - Year-end operating costs, excluding depreciation, are expectnd to equal 65% of year-end sales. - Depreciation is expected to increase at the same rate as sales. - Interest costs are expected to remain unchanged. - The tax rate is expected to remain at 25%. On the basis of that information, what will be the forecast for Roberts' year-end nat income tinter your answer in millions. For example, an answer of $25,400,000 should be entered as 25.40. Do not round intermediate calculations. Round your answer to two decimal places
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
