Question
Forecast sales revenue for each of your segments and the expense lines up to the Operating Income line. Document the key assumptions you made in
Forecast sales revenue for each of your segments and the expense lines up to the Operating Income line. Document the key assumptions you made in forecasting the expense accounts.
| INPUT EACH CELL THAT HAS A "1" IN IT EXCEPT FOR THE OPERATING INCOME LINE. ALL OTHER CELLS WILL COMPUTE | ||||||||||||||||
| (In Millions) | 2022 | 2023 | Growth | 2024 | Growth | 2025 | Growth | 2026 | Growth | |||||||
| Latin American | $ 3,629 | $ 5,006 | 37.9% | $ 1 | -100.0% | $ 1 | 0.0% | $ 1 | 0.0% | |||||||
| AMEA | 6,767 | 7,075 | 4.6% | 1 | -100.0% | 1 | 0.0% | 1 | 0.0% | |||||||
| Europe | 11,420 | 12,857 | 12.6% | 1 | -100.0% | 1 | 0.0% | 1 | 0.0% | |||||||
| North America | 9,680 | 11,078 | 14.4% | 1 | -100.0% | 1 | 0.0% | 1 | 0.0% | |||||||
| Net Revenues | 31,496 | 36,016 | 14.4% | 4 | -100.0% | 4 | 0.0% | 4 | 0.0% | Formula - will compute | ||||||
| Cost of sales | 20,184 | 22,252 | 10.2% | 1 | -100.0% | 1 | 0.0% | 1 | 0.0% | |||||||
| Gross Profit | 11,312 | 13,764 | 21.7% | 3 | -100.0% | 3 | 0.0% | 3 | 0.0% | Formula - will compute | ||||||
| Selling, general, administrative expense | 7,384 | 8,002 | 8.4% | 1 | -100.0% | 1 | 0.0% | 1 | 0.0% | |||||||
| Asset impairment | 262 | 217 | -17.2% | - | - | - | ||||||||||
| Net (gain) on acquisition and divestiture | - | (108) | - | - | - | |||||||||||
| Amortization of intangibles | 132 | 151 | 14.4% | 1 | -99.3% | 1 | 0.0% | 1 | 0.0% | |||||||
| Operating Income | $ 3,534 | $ 5,502 | 55.7% | $ 1 | -100.0% | $ 1 | 0.0% | $ 1 | 0.0% | Formula - will compute | ||||||
| % To Sales | ||||||||||||||||
| Cost of sales | 64.1% | 61.8% | 25.0% | 25.0% | 25.0% | |||||||||||
| Gross Profit | 35.9% | 38.2% | 75.0% | 75.0% | 75.0% | |||||||||||
| Selling, general, administrative expense | 23.4% | 22.2% | 25.0% | 25.0% | 25.0% | |||||||||||
| Amortization of intangibles | 0.4% | 0.4% | 25.0% | 25.0% | 25.0% | |||||||||||
| Operating Income | 11.2% | 15.3% | 25.0% | 25.0% | 25.0% | |||||||||||
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
