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Linden Corp. has a 10% market share in its industry. Below are income statements ($M) for Linden and for the industry. Linden Industry Sales $5,900
Linden Corp. has a 10% market share in its industry. Below are income statements ($M) for Linden and for the industry.
Linden | Industry | ||
Sales | $5,900 | $63,000 | |
Cost of Goods Sold | 3,200 | 32,060 | |
Gross Margin | 2,700 | 30,940 | |
Expenses: | |||
Sales and Marketing | 430 | 3,850 | |
Engineering | 225 | 2,650 | |
Finance and Administration | 650 | 4,560 | |
Total Expenses | 1,305 | 11,060 | |
EBIT | 1,395 | 19,880 | |
Interest Expense | 230 | 4,500 | |
EBT | 1,165 | 15,380 | |
Tax | 500 | 5,620 | |
Net Income | 665 | 9,760 |
Develop common sized income statements for Linden and the industry as a whole. Round the answers to 2 decimal places.
Linden | % | Industry | % | |
Sales | $5,900 | $63,000 | ||
Cost of Goods Sold | 3,200 | 32,060 | ||
Gross Margin | 2,700 | 30,940 | ||
Expenses: | ||||
Sales and Marketing | 430 | 3,850 | ||
Engineering | 225 | 2,650 | ||
Finance and Administration | 650 | 4,560 | ||
Total Expenses | 1,305 | 11,060 | ||
EBIT | 1,395 | 19,880 | ||
Interest Expense | 230 | 4,500 | ||
EBT | 1,165 | 15,380 | ||
Tax | 500 | 5,620 | ||
Net Income | 665 | 9,760 |
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