Your firm has the following income statement items: sales of $68,862,794; tax expenses of $425,424; operating...

Your firm has the following income statement items: sales of $68,862,794; tax expenses of $425,424; operating expenses of $11,929,783; cost of goods sold of $34,159,845 ; and interest expense of $262,749. What is the profit margin for your firm?

Please round your answer to the second decimal. E.g. 0.00

Expert Solution

jeff jeffy answered 2 years ago

Your firm has the following data Income Statement Sales $50,250,000 Income tax: $1,744,000 Operating Expenses $10,115,000...

Your firm has the following data Income Statement Sales $50,250,000 Income tax: $1,744,000 Operating Expenses $10,115,000 Cost of good sold $35,025,000 Interest expense $750,000 a. What is the amount of EBIT? b. What is the amount of Gross Profit of the firm? c. What is the amount of Income before contributions from the firm?

Co. XYZ has the following information on its income statement: Sales $ 50,250,000 Operating Expenses $...

Co. XYZ has the following information on its income statement: Sales $ 50,250,000 Operating Expenses $ 10,115,000 Cost of goods sold $ 35,025,000 Interest expense $ 750,000 Income tax rate $ 34% What is the tax debt for income concept?

List items that are considered nondeductible expenses for income tax purposes?

Your firm has the following data ISSales $50,250,000Income tax: $1,744,000Operating Expenses $10,115,000Cost...

Your firm has the following data ISSales $50,250,000Income tax: $1,744,000Operating Expenses $10,115,000Cost of good sold $35,025,000Interest expense $750,000a. What is the amount of EBIT?b. What is the amount of Gross Profit of the firm?c. What is the amount of Income before contributions from the firm?—————Your firm has the following data from the Balance Sheet:$ 805,000 total current liability$ 2,655,000 Total assets$ 1,770,000 Fixed and other assets$ 200,000 Long term debtA.What is the total amount of Current Assets?b. What is the...

#4 A firm has the following (incomplete) income statement. All numbers are in dollars. The tax...

#4 A firm has the following (incomplete) income statement. All numbers are in dollars. The tax rate is 20%. Cost of Goods Sold 10,000 Taxes 2,000 Administration 2,500 Interest 750 Depreciation 1,000 Determine: Revenues Net Income EBIT Plowback in dollars if the plowback ratio (the amount of money put back into the company) was 30% Payout in dollars if the payout ratio (the amount of money paid to investors as dividends/disbursements) was 70%

The following items are located “below the line” on the income statement for a manufacturing firm:...

The following items are located “below the line” on the income statement for a manufacturing firm: Select one: a. Interest expense b. All of the listed answers c. None of the listed answers d. Sales tax or value added tax (VAT) taxes e. Deferred revenue

income statement : sales: $50,250,000 operating expenses $10,115,00 cost of good sold $35,025,00 interest expense $750,000...

income statement : sales: $50,250,000 operating expenses $10,115,00 cost of good sold $35,025,00 interest expense $750,000 income tax rate 34% What is the amount of contributory income debt ?

Part of the income statement includes operating expenses. Hospitals can incur some large expenses of the...

Part of the income statement includes operating expenses. Hospitals can incur some large expenses of the year from normal operations of the business. What do you think is the largest expense on a hospitals income statement and why?

Income Statement Hermann Industries is forecasting the following income statement: Sales $10,000,000 Operating costs excluding depreciation...

Income Statement Hermann Industries is forecasting the following income statement: Sales $10,000,000 Operating costs excluding depreciation & amortization 5,500,000 EBITDA $4,500,000 Depreciation and amortization 1,200,000 EBIT $3,300,000 Interest 900,000 EBT $2,400,000 Taxes (40%) 960,000 Net income $1,440,000 The CEO would like to see higher sales and a forecasted net income of $1,728,000. Assume that operating costs (excluding depreciation and amortization) are 55% of sales and that depreciation and amortization and interest expenses will increase by 9%. The tax rate, which...

A firm has sales of $10, 000,000 in 2018, and operating income of $1,200,000 and net...

A firm has sales of $10, 000,000 in 2018, and operating income of $1,200,000 and net income of $650,000. The firm has total equity at year end 2017 of $4,000,000, total asset of $7,000,000. It also paid out $195,000 dividend in 2018. Calculate its equity multiplier. Use the 3-factor DuPont Identity to calculate its ROE. What’s its retention ratio? What’s its sustainable growth rate?

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