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please show work not using excel 26. The following balance sheet and income statement pertain to Goode Corp., using the following assumptions complete a forecasted
please show work not using excel
26. The following balance sheet and income statement pertain to Goode Corp., using the following assumptions complete a forecasted 2013 income statement Assumptions for 2013 Revenue growth rate COGS Operating expenses Interest expense Tax rate 4590 70% of sales 18% of sales 12% of beginning long-term debt 3590 Goode Corp. Consolidated Statement of Income Thousands except per share amounts) 2012 Net Revenues Cost of Revenue SG&A Operating Income Interest Expense Income Before Income Taxes Income taxes Net Income $345,871 (226,546) (83,009) 36,316 (484) 35,832 (12,541) $23,291 Goode Corp Consolidated Balance Sheet (Thousands) Current Assets Cash and Equivalent Merchandise inventory Accounts receivable PPE (including intangibles), net Total Assets 2012 7,905 6,308 6,614 39,458 60,285 Liabilities and Stockholders Equity Accounts payable Long-term debt Shareholders' Equity Common stock and APIC Retained earnings Total Liabilities and Shareholders' Eq 9,643 13,500 28,613 8,529 60,285 ANS
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