Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Edmonds Industries income forecast for 2019 Edmond industries income forecast proposed by CEO Sales Operating cost excluding Dep and Amo EBITDA Dep and Amo EBIT
Edmonds Industries income forecast for 2019 Edmond industries income forecast proposed by CEO Sales Operating cost excluding Dep and Amo EBITDA Dep and Amo EBIT Interest EBT Taxes (25%) Net Income 10,000,000 5,500,000 4,500,000 1,200,000 3,300,000 500,000 2,800,000 700,000 2,100,000 Sales Operating cost excluding Dep and Amo EBITDA Dep and Amo EBIT Interest EBT Taxes (25%) Net Income 3.000.000 CEO proposed a higher sales to increase the net income to 3,000,000. What should be the sales in order to achieve the proposed net income. Assume that operating income is 55% of sales and that depreciation and amortization and interest expenses will increase by 6%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started