Question: Using the first two worksheets can you help me fill out the parts in yellow in the third worksheet? Please explain the formulas you are
Using the first two worksheets can you help me fill out the parts in yellow in the third worksheet? Please explain the formulas you are using and how you got them.
Problem 1 IS Problem 1 BS Sweet Dreams Corp Income Statement the Year Ended Dec. 31 2017 2017 2016 3,074,000 2,567,000 2,088,000,7,000 986,000 856,000 Selling and G&A Expenss294,000 295,000 35,000 35,000 239,000 223,000 418,000303,000 91,000 325,000212,000 64,000 231,000 148,000 Sales Cost of Goods Sold Gross Profit Fixed Expenses Depreciation Expense EBIT Interest Expense Earnings Before Taxes Taxes Net Income 93,000 94,000 1 Tax Rate 28.92% 30.19%
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