Question
Fill in the missing numbers for the following income statement. (Input all amounts as positive values. Do not round intermediate calculations.) Sales $ 680,900 Costs
| Fill in the missing numbers for the following income statement. (Input all amounts as positive values. Do not round intermediate calculations.) |
| Sales | $ | 680,900 | |
| Costs | 435,800 | ||
| Depreciation | 108,400 | ||
| EBIT | $ | ||
| Taxes (34%) | |||
| Net income | $ | ||
| Calculate the OCF. |
| OCF | $ |
| What is the depreciation tax shield? |
| Depreciation tax shield | $ |
| A proposed new investment has projected sales of $850,000. Variable costs are 60 percent of sales, and fixed costs are $174,000; depreciation is $75,000. Prepare a pro forma income statement assuming a tax rate of 30 percent. What is the projected net income? (Input all amounts as positive values. Do not round intermediate calculations.) |
| Sales | $ |
| Variable costs | |
| Fixed costs | |
| Depreciation | |
| EBT | $ |
| Taxes | |
| Net income | $ |
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Public Finance Administration
Authors: B. J. Reed, John W. Swain
2nd Edition
0803974051, 978-0803974050
