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Soporific Games is expecting revenues of $782,431 next year. Last year, net property, plant, and equipment was $88,464 and debt was $11,469. Assume a depreciation
Soporific Games is expecting revenues of $782,431 next year. Last year, net property, plant, and equipment was $88,464 and debt was $11,469. Assume a depreciation rate of 22.8%, CAPEX of $26,926, and a cost of debt of 10%. Use the table below and the information provided to forecast Soporific's net income for next year. Soporific Games Inc. Select Financial Information Last Year Next Year Revenues 732,794 782,431 Cost of Goods Sold 596,284 SG&A 81,534 Depreciation 22,241 EBIT 32,735 Interest Expense 1,451 Pre-Tax Income 31,284 Income Taxes 10,440 Net Income 20,844 Next year's net income = $
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