Statement of Income: 2020 Sales $6,230.0 CoGS 3,050.0 One-time inventory adjustment 300.0 Gross Margin 2,880.0 SG&A 2,130.0
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Question:
Statement of Income:
2020
Sales $6,230.0
CoGS 3,050.0
One-time inventory adjustment 300.0
Gross Margin 2,880.0
SG&A 2,130.0
Depreciation 490.0
Op Income 260.0
Interest expense 125.0
Pre-tax Income 135.0
Taxes 27.0
Net income $108.0
Based on the following assumptions, what is the expected change (%) in reported net income in 2021
How much is recurring operating margin projected to change in 2021 (bps)? What does this mean?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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