Question
Sales for 2021 were $431,150,000, and EBITDA was 16% of sales. Furthermore, depreciation and amortization were 17% of net fixed assets, interest was $7,673,000, the
Sales for 2021 were $431,150,000, and EBITDA was 16% of sales.
Furthermore, depreciation and amortization were 17% of net fixed assets, interest was $7,673,000, the corporate tax rate was 25%, and Laiho pays 48.25% of its net income as dividends.
Given this information, construct the firm's 2021 income statement. Laiho Industries:
Income Statement for Year Ending December 31, 2021 (thousands of dollars)
2021 Sales $ fill in the blank 2 Operating costs excluding depreciation and amortization
fill in the blank 3 EBITDA $
fill in the blank 4
Depreciation and amortization fill in the blank 5
EBIT $ fill in the blank 6 Interest fill in the blank 7
EBT $ fill in the blank 8 Taxes (25%) fill in the blank 9
Net income $ fill in the blank 10
Common dividends $ fill in the blank 11 Addition to retained earnings $ fill in the blank 12
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