Use the 2009 financial forecast and 2010 information provided below for R&E, ans
ID: 2700377 • Letter: U
Question
Use the 2009 financial forecast and 2010 information provided below for R&E, answer the following questions"
Income Statement
2009
Comments
Net sales
$25,766.00
25% Increase
Cost of goods sold
$22,159.00
86% of sales
Gross Profit
$ 3,607.00
Expenses:
General, selling, and administrative expenses
$ 3,092.00
12% sales
Net interest expense
$ 90.00
Initially constant
EBIT
$ 425.00
Tax
$ 191.00
45% Tax rate
Earnings after tax
$ 234.00
R&E Supplies Assumptions for 2010
Growth Rate in net sales
30%
Cost of Goods Sold
86%
Gen, Selling and Admin Expenses
11%
Long-term debt
$560
Current portion long-term debt
$100
Interest Rate
10%
Tax Rate
45%
Dividend/earnings after tax
50%
Current assets/net sales
29%
Net fixed assets
$270
Current liabilities/net sales
14.40%
Income Statement
2009
Comments
Net sales
$25,766.00
25% Increase
Cost of goods sold
$22,159.00
86% of sales
Gross Profit
$ 3,607.00
Expenses:
General, selling, and administrative expenses
$ 3,092.00
12% sales
Net interest expense
$ 90.00
Initially constant
EBIT
$ 425.00
Tax
$ 191.00
45% Tax rate
Earnings after tax
$ 234.00
R&E Supplies Assumptions for 2010
Growth Rate in net sales
30%
Cost of Goods Sold
86%
Gen, Selling and Admin Expenses
11%
Long-term debt
$560
Current portion long-term debt
$100
Interest Rate
10%
Tax Rate
45%
Dividend/earnings after tax
50%
Current assets/net sales
29%
Net fixed assets
$270
Current liabilities/net sales
14.40%
Explanation / Answer
question incomplete sir please post again
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