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Finlay Corporation had sales this year of $3,500 million, and sales are expected to grow by 15 percent next year. Next year the company expects
Finlay Corporation had sales this year of $3,500 million, and sales are expected to grow by 15 percent next year. Next year the company expects cost of goods sold to be 40 percent of sales, selling expenses to be $35 million per month, depreciation to be $8 million per month, and interest expense to be $18 million per month. Taxes are computed at 21 percent. What is Finlay's expected net income next year?
a. | $1,329.6 million. | |
b. | $1,610.8 million. | |
c. | $1,080.7 million. | |
d. | $1,859.7 million. |
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