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Fill in the blanks for me a. Sales for 2099 were $455,150,000, and EBITDA was 15% of sales. Furthermore, depreciation and amortization were 11% of
Fill in the blanks for me
a. Sales for 2099 were $455,150,000, and EBITDA was 15% of sales. Furthermore, depreciation and amortization were 11% of net fixed assets, interest was $8,575,000, the corporate tax rate was 20%, and Laiho pays 40% of its net income as dividends. Given this information, construct the firm's 2099 income statement. The input information required for the problem is outlined in the "Key Input Data" section below. Using this data and the balance sheet above, we constructed the income statement shown below. KEY INPUT DATA: Laiho Industries a. Sales for 2099 were $455,150,000, and EBITDA was 15% of sales. Furthermore, depreciation and amortization were 11% of net fixed assets, interest was $8,575,000, the corporate tax rate was 20%, and Laiho pays 40% of its net income as dividends. Given this information, construct the firm's 2099 income statement. The input information required for the problem is outlined in the "Key Input Data" section below. Using this data and the balance sheet above, we constructed the income statement shown below. KEY INPUT DATA: Laiho IndustriesStep by Step Solution
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