Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Here are the instructions for the Income Statement forecast: Forecast the Income Statement for Yoyodyne Propulsion Systems: (Total 11 pts) 1) Use the TREND function
Here are the instructions for the Income Statement forecast: Forecast the Income Statement for Yoyodyne Propulsion Systems: (Total 11 pts) 1) Use the TREND function to forecast the new period Sales (3 pts) 2) Use Long Term Average Percent of Sales to forecast Cost of Sales and Selling, General & Administration Expenses (2 pts each) 3) In the Assumptions area, calculate Depreciation and Interest Expense. Assume last year's expense plus any change you'll need to calculate in the Assumptions area. (1 pts each) 4) Assume Other Income, Net as the same as 2013 and Preferred Dividends will be the same. 5) Additional Debt rate will be 12% and Tax Rate is 30% 6) Assume an increase of 10% in Dividends per Common Share over last year
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started