Homework SourseA Income Statement Items You have the following data in mill
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. |
Solution
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% |
