Skill Assessment Wory Wres, Conwy WCS cement, and the other financial statements and reports, to evaluate the company's financial performance and condition sider the following scenario: te Camel Woodcraft Company's income statement reports data for its first year of operation. The firm's CEO would like sales to increase by 25% year. 1. Cute Camel is able to achieve this level of increased sales, but its interest costs increase from 10% to 15% of earnings before Interest and taxes (EBIT). 2. The company's operating costs (excluding depreciation and amortization) remain at 80.00% of net sales, and its dependiation and amortization expenses remain constant from year to year 3. The company's tax rate remains constant at 40% of its pre-tax income or earnings before taxes (EBT) 4. In Year 2, Cute Camel expects to pay $200,000 and $321.300 of preferred and common stock dividends, respectively, Complete the Year 2 income statement date for Cute Carmel, then answer the questions that follow. Powid sach delar Varase o tot endormit whole dollar Cute Camel Woodcraft Company Income Statement for Year Ending December 31 Wit Year 1 $10,000,000 Niet sales es Operating costs, except depreciation and amortization Year 2 (Forecasted 512.500.000 10 000 000 non 0.000.000 Skill Assessment Wory Wres, Conwy WCS cement, and the other financial statements and reports, to evaluate the company's financial performance and condition sider the following scenario: te Camel Woodcraft Company's income statement reports data for its first year of operation. The firm's CEO would like sales to increase by 25% year. 1. Cute Camel is able to achieve this level of increased sales, but its interest costs increase from 10% to 15% of earnings before Interest and taxes (EBIT). 2. The company's operating costs (excluding depreciation and amortization) remain at 80.00% of net sales, and its dependiation and amortization expenses remain constant from year to year 3. The company's tax rate remains constant at 40% of its pre-tax income or earnings before taxes (EBT) 4. In Year 2, Cute Camel expects to pay $200,000 and $321.300 of preferred and common stock dividends, respectively, Complete the Year 2 income statement date for Cute Carmel, then answer the questions that follow. Powid sach delar Varase o tot endormit whole dollar Cute Camel Woodcraft Company Income Statement for Year Ending December 31 Wit Year 1 $10,000,000 Niet sales es Operating costs, except depreciation and amortization Year 2 (Forecasted 512.500.000 10 000 000 non 0.000.000
