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Given the following information: Sales Growth Rate 25% COGS / Sales 65% Operating Expense / Sales 20% Depreciation Expense (000) $40 Interest Expense (000) $10
Given the following information:
Sales Growth Rate | 25% |
COGS / Sales | 65% |
Operating Expense / Sales | 20% |
Depreciation Expense (000) | $40 |
Interest Expense (000) | $10 |
Tax Rate | 40% |
Dividends (000) | $20 |
Calculate the following information for 20X1:
Income Statement (000) | |||
20X0 | 20X1 | ||
Sales | 1500 |
| |
Cost of goods sold | 975 |
| |
Gross profit | 525 |
| |
Operating costs | 300 |
| |
Depreciation expense | 40 |
| |
Net Operating Profit | 185 |
| |
Interest Expense | 10 |
| |
Earnings Before Taxes | 175 |
| |
Taxes | 70 |
| |
Net Income | 105 |
| |
Dividends | $20 |
| |
Addition to Retained Earnings | $85 |
|
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