Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

At the beginning of the accounting period the company had 1775000 of loans and 2000000 of non-current assets. There were no accounts receivable, but there

At the beginning of the accounting period the company had 1775000 of loans and 2000000 of non-current assets. There were no accounts receivable, but there were 240000 of accounts payable. The value of inventory was 240000 at the beginning of the accounting period and 1200000 at the end of it. The material costs were 44 on average and the selling price was 100 .

In addition, the following information is given on the events in the company during the accounting period: The company has delivered 100000 products to the customers according to the billing information. 9000000 has been received from the customers of these products. According to the bills, the company has received 4400000 worth of materials of which 4268000 has been paid. Other expenses of business including depreciations are 4600000 . The total planned depreciations for the accounting period are 20 % of the value of non-current assets. The interest rate of the loans is 5 %. The income tax percentage is 20 %.

Give the following information for the income statement in euros. Use a minus sign only when asked.

1) Revenue =

2) Cost of Goods Sold =

3) Gross margin =

4) EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization), use a minus sign if this is negative =

5) Planned depreciations =

6) Operating income (use a minus sign, if this is negative) =

7) Interest =

8) Income taxes (use a minus sign if the operating profit is negative) =

9) Profit for the financial year (use a minus sign, if this is negative) =

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Application Of Quantitative Techniques For The Prediction Of Bank Acquisition Targets

Authors: Pasiouras Fotios

1st Edition

9812565183, 9789812565181

More Books

Students also viewed these Accounting questions

Question

What are the two primary purposes of export packing?

Answered: 1 week ago

Question

2. What makes the sport product unique and challenging to market?

Answered: 1 week ago