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INCOME STATEMENT Year 0 Year 1 Revenue 4,552 4,477 Cost of goods sold 2,637 2,556 Gross profit 1,915 1,921 Depreciation 168 141 Other expenses
INCOME STATEMENT Year 0 Year 1 Revenue 4,552 4,477 Cost of goods sold 2,637 2,556 Gross profit 1,915 1,921 Depreciation 168 141 Other expenses 1,179 1,084 Operating income 568 696 Interest Expense 173 109 Income before taxes 395 587 Provision for income taxes @ 21% 83 123 Net income 312 464 BALANCE SHEEET Year 0 Year 1 ASSETS Cash and marketable securities Short-Term Investments Receivables Inventories LIABILITIES AND EQUITY Notes Payable Accounts payable Accruals 513 433 534 581 508 496 251 226 Total Current Assets 1,806 1,736 Total Fixed Assets 2,157 2,357 Total assets 3,963 4,093 Year 0 Year 1 1 150 110 479 511 Total current liabilities 630 621 Total non-current liabilities 1,139 1,539 Total liabilities 1,769 2,160 Common stock and additional paid-in capital 387 486 Retained earnings 1,807 1,447 Total stockholders' equity 2,194 1,933 Total liabilities and stockholders' equity 3,963 4,093 Diluted no. of shares 122.00 117.68 Stock price 50 63 WACC 7.0% Dividend & repurchases per share $ 7.00
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