Listed below is the 2021 income statement for Tom and Sue Travels, Inc. Tom and Sue Travels,
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Listed below is the 2021 income statement for Tom and Sue Travels, Inc.
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Tom and Sue Travels, Inc. Income Statement for Year Ending December 31, 2021 (in millions of dollars) Net sales Less: Cost of goods sold Gross profits Less: Other operating expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA) Less: Depreciation Earnings before interest and taxes (EBIT) Less: Interest Earnings before taxes (EBT) Less: Taxes Net income $16.500 7.100 9.400 3.200 6.200 2.900 3.300 0.950 2.350 0.495 $ 1.855
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The CEO of Tom and Sues wants the company to earn a net income of 2250 million in 2022 Cost of goods ...View the full answer
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Related Book For
Finance Applications And Theory
ISBN: 9781260013986
5th Edition
Authors: Marcia Cornett, Troy Adair, John Nofsinger
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