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Assumption: EXCESS/DEFICIT IS ADJUSTED WITH LONG TERM DEBT Income Statement Actual Forecast Forecast 2020 2021 $ million 2019 2020 2021 Revenue growth NA 15.0% Sales
| Assumption: EXCESS/DEFICIT IS ADJUSTED WITH LONG TERM DEBT | |||||||||
| Income Statement | |||||||||
| Actual | Forecast | Forecast | |||||||
| 2020 | 2021 | $ million | 2019 | 2020 | 2021 | ||||
| Revenue growth | NA | 15.0% | Sales | - | ##### | (13) | |||
| COGS/Sales | (1) | Cost of Goods Sold | - | ##### | (14) | ||||
| Gross Profit | - | ##### | |||||||
| SG&A/Sales | (2) | Selling and G&A Expenses | - | ##### | (15) | ||||
| Depreciation/Lag net PP&E | (3) | Depreciation Expense | - | 31.30 | (16) | ||||
| EBIT | - | 85.70 | |||||||
| Interest expense/Lag Total Debt | (4) | Interest Expsense | - | 7.50 | (17) | ||||
| Earnings Before Taxes | - | 78.20 | |||||||
| Effective Tax Rate (Tax/EBT) | (5) | Taxes | - | 30.80 | (18) | ||||
| Net Income | - | 47.40 | (19) | ||||||
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Accounting Information For Business Decisions
Authors: Billie Cunningham, Loren A. Nikolai, John Bazley
1st Edition
0030224292, 978-0030224294
