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AT&T 12:00 AM Done Accounting 350 Team Exercis... rinanciai Statement rorecast Unaisciosed Compan 201 201 in Millions, Exc r share data t Sales (inc ost
AT&T 12:00 AM Done Accounting 350 Team Exercis... rinanciai Statement rorecast Unaisciosed Compan 201 201 in Millions, Exc r share data t Sales (inc ost of sales ross Profit $6,623.00 $6,466.00 4.241.00 S4.123.00 382.00 S2,343 S504.00 $451 $1,878.0O S1,892.0 ing. General and administrative nvestment Income S4.00 S3.0 $151,00-S125 $1,728.0O S1,770 Income before income taxes $629.00 $654.O et income 1,099 0?$1,1160 r share $2.82 S2.6 iluted Weighted average number of shares S389 390.13 $418 $417.32 luted In addition to the 2013 Income Statement, management provided you with the following information regarding fiscal year 2014 I. Revenues for 2014 are only expected to grow by 0.5%. 2. The Company will not borrow any additional long-term debt. 3. The Gross Profit margin percentage will remain the same 4. The SGA percentage will improve by 0.5%. 5. Investment Income will double 6. Income tax rate will increase by 125 basis points. Use the above information, along with common-size and percent change analysis, to forecast A- 2014 Income Statement, including Net Income (No eps data required)
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