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Hello! I need help please In the worksheet tabs below are comparative income statement and balance sheet for GameStop corp. all amounts are in million
Hello!
I need help please
In the worksheet tabs below are comparative income statement and balance sheet for GameStop corp. all amounts are in million except for per share amount.
Required: use information in the income statement and balance sheet to project year 3"s amounts. Prepare the income statement first, then the balance sheet. Remember the balance sheet must be balance .
Be sure to show your formulas.
Year 3 (projected Year 3 Year 2 Year 1 (In millions, except per share data) $9,296.00 6,520.10 2,775.90 2,001.00 154.40 et sales ost of sales ross profit Selling, general and administrative exp SG&A-22% of sales epreciation and amortization oodwill impairments sset impairments perating earnings (loss) nterest income terest expense arnings (loss) before income tax expense ncome tax expense et income (loss) et loss attributable to noncontrolling in None $9,039.50 6,378.40 2,661.10 1,892.40 166.50 10.20 18.50 573.50 (0.90) 5.60 568.80 214.60 354.20 Sales growth 2.84% Gross profit percentage-29.86 Depreciation-10.5% of prior ye None Same as previous year 2.20 618.30 (0.70) 10.70 608.30 215.20 393.10 Same as previous year Int/prior year LT Liab-9.386% Inc. tax/pre-tax income-35.38% et income (loss) attributable to GameStop Co $393.10 $354.20 Year 3 (projected Year 3 Year 2 Year 1 (In millions, except per share data) $9,296.00 6,520.10 2,775.90 2,001.00 154.40 et sales ost of sales ross profit Selling, general and administrative exp SG&A-22% of sales epreciation and amortization oodwill impairments sset impairments perating earnings (loss) nterest income terest expense arnings (loss) before income tax expense ncome tax expense et income (loss) et loss attributable to noncontrolling in None $9,039.50 6,378.40 2,661.10 1,892.40 166.50 10.20 18.50 573.50 (0.90) 5.60 568.80 214.60 354.20 Sales growth 2.84% Gross profit percentage-29.86 Depreciation-10.5% of prior ye None Same as previous year 2.20 618.30 (0.70) 10.70 608.30 215.20 393.10 Same as previous year Int/prior year LT Liab-9.386% Inc. tax/pre-tax income-35.38% et income (loss) attributable to GameStop Co $393.10 $354.20
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