A. Income Statement Items You have the following data (in millions): Sales = $47
ID: 2825055 • Letter: A
Question
A.
Income Statement Items You have the following data (in millions): Sales = $47, Interest Expense = $10, Cost of Goods Sold = $21, Depreciation Expense = $2, Selling, General and Administrative Expenses = $3, Taxes = $4. The firm's EBIT is ________ million and Net Income is ________ million.
$21; $7
$23; $7
$42; $11
$26; $11
B.
Market Capitalization You find the following data on an Internet stock site:
In a common size income statement the cost of goods sold account value would be ________.
62%
14%
72%
55%
Income Statement Items You have the following data (in millions): Sales = $47, Interest Expense = $10, Cost of Goods Sold = $21, Depreciation Expense = $2, Selling, General and Administrative Expenses = $3, Taxes = $4. The firm's EBIT is ________ million and Net Income is ________ million.
Explanation / Answer
1-
Income Statement
sales
47
cost of goods sold
21
gross profit
26
Depreciation
2
selling and administrative expese
3
EBIT
21
less interest
10
EBT
11
tax
4
Net income
7
2-
cost of goods sold account in common size statement
(cost of goods sold/sales)
72%
1-
Income Statement
sales
47
cost of goods sold
21
gross profit
26
Depreciation
2
selling and administrative expese
3
EBIT
21
less interest
10
EBT
11
tax
4
Net income
7
2-
cost of goods sold account in common size statement
(cost of goods sold/sales)
72%
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