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if sales are Expected to grow 20% in 2016 which of the following would be the most reasonable estimate for gross profit. PLEASE show your
if sales are Expected to grow 20% in 2016 which of the following would be the most reasonable estimate for gross profit. PLEASE show your work
for years ending 12/31 | 2013 | 2014 | 2015 | |
NET SALES | $ 16,230.00 | $ 20,355.00 | $ 23,505.00 | |
COST OF SALES | $ 9,430.00 | $ 11,898.00 | $ 13,612.00 | |
GROSS PROFIT | $ 6,800.00 | $ 8,457.00 | $ 9,893.00 | |
SG&A EXPENSES | $ 5,195.00 | $ 6,352.00 | $ 7,471.00 | |
DEPRECIATION | $ 160.00 | $ 180.00 | $ 213.00 | |
NET INTEREST EXPENSE | $ 119.00 | $ 106.00 | $ 94.00 | |
PRE-TAX INCOME | $ 1,326.00 | $ 1,819.00 | $ 2,115.00 | |
INCOME TAX | $ 546.00 | $ 822.00 | $ 925.00 | |
NET INCOME | $ 780.00 | $ 997.00 | $ 1,190.00 | |
DIVIDENDS | $ 155.00 | $ 200.00 | $ 240.00 | |
ASSETS | ||||
CASH | $ 508.00 | $ 609.00 | $ 706.00 | |
ACCOUNTS RECIEVABLE | $ 2,545.00 | $ 3,095.00 | $ 3,652.00 | |
INVENTORIES | $ 1,630.00 | $ 1,838.00 | $ 2,190.00 | |
TOTAL CURRENT ASSETS | $ 4,683.00 | $ 5,542.00 | $ 6,548.00 | |
GROSS PLANT & EQUIPMENT | $ 3,232.00 | $ 3,795.00 | $ 4,163.00 | |
ACCUMULATED DEPRECIATION | $ 1,335.00 | $ 1,515.00 | $ 1,728.00 | |
NET PLANT & EQUIPEMENT | $ 1,897.00 | $ 2,280.00 | $ 2,435.00 | |
TOTAL ASSETS | $ 6,580.00 | $ 7,822.00 | $ 8,983.00 | |
LIABILITIES | ||||
CURRENT MATURIES OF LONG TTERM DEBT | $ 125.00 | $ 125.00 | $ 125.00 | |
ACCOUNTS PAYABLE | $ 1,042.00 | $ 1,325.00 | $ 1,440.00 | |
ACURED EXPENSE | $ 1,145.00 | $ 1,432.00 | $ 1,653.00 | |
TOTAL CURRENT LIABILITIES | $ 2,312.00 | $ 2,882.00 | $ 3,218.00 | |
LONG TERM DEBT | 1000 | 875 | 750 | |
COMMON STOCK | $ 1,135.00 | $ 1,135.00 | $ 1,135.00 | |
RETAINED EARNINGS | $ 2,133.00 | $ 2,930.00 | $ 3,890.00 | |
TOTAL SHAREHOLDERS EQUITY | $ 3,283.00 | $ 4,055.00 | $ 5,016.00 | |
TOTAL LIABITITIES AND EQUITY | $ 6,580.00 | $ 7,822.00 | $ 8,983.00 |
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