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In 2020, Pikachu Inc. made $800 (mil) in Sales. Their Gross Profit was about 30%. The firm paid $10 mil for rent out of which,
In 2020, Pikachu Inc. made $800 (mil) in Sales. Their Gross Profit was about 30%. The firm paid $10 mil for rent out of which, $4 mil was delayed rent payment from 2019 lease. Other period expenses totaled to $140 mil (Does not include Interest and Tax Expense). Their Total Assets in 2020 amounted to $1200 mil and their total long-term loans amounted to $600 mil (2% interest rate). Construct Pikachu Inc. 's Income Statement for 2020 and calculate their Net Profit Rate.
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