he total revenue numbers over the past 4 years for Tag-It Corporation were as follows (values in millions): 73,785 69,495 75,356 71,879 Determine whether you think Tag-It can hit the target of a 12% increase in sales next year.
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he total revenue numbers over the past 4 years for Tag-It Corporation were as follows (values in millions):
73,785
69,495
75,356
71,879
Determine whether you think Tag-It can hit the target of a 12% increase in sales next year.
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- At the end of last year, Roberts Inc. reported the followingincome statement (in millions of dollars): Looking ahead to the following year, the company’s CFO has assembled this information:● Year-end sales are expected to be 10% higher than the $3 billion in sales generatedlast year.● Year-end operating costs, excluding depreciation, are expected to equal 80% of yearendsales.● Depreciation is expected to increase at the same rate as sales.● Interest costs are expected to remain unchanged.● The tax rate is expected to remain at 40%.On the basis of that information, what will be the forecast for Roberts’ year-end net income?The Optical scam company has forecast a sales growth of 20 percent for next year. The current financial statements are shown below: What is pro forma balance sheet for next year? Sales $ 31,600,000 Costs 26,675,500 Taxable income $ 4,924,500 Taxes 1,723,575 Net income $ 3,200,925 Dividends $ 1,280,370 Addition to retained earnings 1,920,555 Balance Sheet Assets Liabilities and Owners' Equity Current assets $ 7,320,000 Accounts payable $ 5,688,000 Long-term debt 6,636,000 Fixed assets 20,172,000 Common stock $ 1,594,000 Accumulated retained earnings 13,574,000 Total equity $ 15,168,000 Total assets $ 27,492,000 Total liabilities and equityLast year, Hassan’s Madhatter, Inc. had an ROA of 9 percent, a profit margin of 14.70 percent, and sales of $30 million. Calculate Hassan’s Madhatter’s total assets. (Enter your answer in millions.) Total Assets = ____________ millions
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