Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please include all of the EXCEL FORMULAS used to compute Using the financial statements below for the Global Manufacturing corporation, a. Compute common-size financial statements.

Please include all of the EXCEL FORMULAS used to compute
image text in transcribed
image text in transcribed
Using the financial statements below for the Global Manufacturing corporation, a. Compute common-size financial statements. \begin{tabular}{|c|c|c|c|} \hline Income Statement & \begin{tabular}{l} Years ended December \\ 31 \end{tabular} & 2020 & \\ \hline \multicolumn{2}{|l|}{ Net Revenues } & 700,000 & 600,000 \\ \hline \multicolumn{2}{|l|}{ COGS } & 450,000 & 375,000 \\ \hline \multicolumn{2}{|c|}{ Gross Profit } & 250,000 & 225,000 \\ \hline \multicolumn{4}{|l|}{ Operating Expenses: } \\ \hline \multicolumn{2}{|c|}{ General \& Administrative } & 95,000 & 95,000 \\ \hline \multicolumn{2}{|l|}{ Selling \& Marketing } & 56,000 & 50,000 \\ \hline \multicolumn{2}{|l|}{ Depreciation } & 25,000 & 20,000 \\ \hline \multicolumn{2}{|c|}{ Operating Income } & 74,000 & 60,000 \\ \hline \multicolumn{2}{|l|}{ Interest } & 14,000 & 10,000 \\ \hline \multicolumn{2}{|c|}{ Income before taxes } & 60,000 & 50,000 \\ \hline \multicolumn{2}{|l|}{ Income taxes (40%)} & 24,000 & 20,000 \\ \hline \multicolumn{2}{|c|}{ Net Income } & 36,000 & 30,000 \\ \hline \multicolumn{2}{|c|}{ \# Shares Outstanding } & 50,000 & 50,000 \\ \hline \multicolumn{2}{|l|}{ Earnings per share } & 0.72 & 0.60 \\ \hline \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Recent Advances In Computational Finance

Authors: Nikolaos S. Thomaidis, Jr. Dash, Gordon H.

1st Edition

1626181233, 978-1626181236

More Books

Students also viewed these Finance questions

Question

3. Describe the communicative power of group affiliations

Answered: 1 week ago