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Question 1 10 pts The financial statements of FIN 427 Global Enterprises are shown below: Income Statement 2019 2020 Sales $1,435.00 $1,500.00 Cost of Sales
Question 1 10 pts The financial statements of FIN 427 Global Enterprises are shown below: Income Statement 2019 2020 Sales $1,435.00 $1,500.00 Cost of Sales 1,177.00 1,200.00 Gross Profit $258.00 $300.00 Selling and Administrative Expenses 125.00 140.00 Operating Income (EBIT) $133.00 $160.00 Interest 35.00 40.00 $98.00 $120.00 39.20 48.00 Earnings Before Taxes Income Taxes (40%) Net Income After Taxes Dividends $58.80 $29.00 $72.00 $29.00 Balance Sheet Cash $40.00 $15.00 Accounts Receivable 160.00 180.00 Inventories 200.00 300.00 Total Current Assets $400.00 $495.00 Net Plant, Property & Equipment $350.00 $380.00 Total Assets $750.00 $875.00 Total Current Liabilities $105.00 $160.00 Long-Term Debt $255.00 $300.00 Stockholders' Equity $390.00 $415.00 Total Liabilities & Stockholders' Equity $750.00 $875.00 and if The main driver(s) for the change in FIN 427 Global Enterprises' 2019 ROE to 2020 ROE is/are appropriate
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