Pro forma income statement. Given the income statement in the popup window, E, for California Cement Company for 2013 and an expected sales growth rate of 7.38% for 2014, prepare a pro forma income statement for 2014. Net income 3,143,016 Data Table What is the sales forecast for 2014? $ (Round to the nearest dollar.) California Cement Company The pro forma income statement for 2014 is: (Round to the nearest dollar.) Income Statement for 2013 California Cement Company Sales revenue 22,817,00 Pro Forma Income Statement for 2014 Cost of goods sold -11,660,00 Sales revenue 100.00 Selling, general, and administrative expenses -4,002,00 Cost of goods sold 2$ 51.102 Depreciation expenses -1,386,00 EBIT Selling, general, and administrative expenses Depreciation expenses 17,540 5,769,00 6.074 Interest expense -174,00 EBIT 2$ 25.284 9 Taxable income 5,595,00 Interest expense 0.763 Taxes $4 -2,451,98 Taxable income 2$ 24.521 Net income 3,143,01 Taxes 2$ 10.746 Net income 13.775 Print Done Enter any number in the edit fields and then continue to the next question.

Pro forma income statement. Given the income statement in the popup window, E, for California Cement Company for 2013 and an expected sales growth rate of 7.38% for 2014, prepare a pro forma income statement for 2014. Net income 3,143,016 Data Table What is the sales forecast for 2014? $ (Round to the nearest dollar.) California Cement Company The pro forma income statement for 2014 is: (Round to the nearest dollar.) Income Statement for 2013 California Cement Company Sales revenue 22,817,00 Pro Forma Income Statement for 2014 Cost of goods sold -11,660,00 Sales revenue 100.00 Selling, general, and administrative expenses -4,002,00 Cost of goods sold 2$ 51.102 Depreciation expenses -1,386,00 EBIT Selling, general, and administrative expenses Depreciation expenses 17,540 5,769,00 6.074 Interest expense -174,00 EBIT 2$ 25.284 9 Taxable income 5,595,00 Interest expense 0.763 Taxes $4 -2,451,98 Taxable income 2$ 24.521 Net income 3,143,01 Taxes 2$ 10.746 Net income 13.775 Print Done Enter any number in the edit fields and then continue to the next question.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 38E: Sundahl Companys income statements for the past 2 years are as follows: Refer to the information for...

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Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Required: 1. Calculate the return on sales. (Note: Round the percent to two decimal places.) 2. CONCEPTUAL CONNECTION Briefly explain the meaning of the return on sales ratio, and comment on whether Juroes return on sales ratio appears appropriate.
Cuneo Companys income statements for the last 3 years are as follows: Refer to the information for Cuneo Company above. Required: 1. Prepare a common-size income statement for Year 1 by expressing each line item as a percentage of sales revenue. (Note: Round percentages to the nearest tenth of a percent.) 2. Prepare a common-size income statement for Year 2 by expressing each line item as a percentage of sales revenue. (Note: Round percentages to the nearest tenth of a percent.) 3. Prepare a common-size income statement for Year 3 by expressing each line item as a percentage of sales revenue. (Note: Round percentages to the nearest tenth of a percent.)
Financial statement data for years ending December 31 for Latchkey Company follows: a. Determine the ratio of sales to assets for 2016 and 2015. b. Does the change in the ratio of sales to assets from 2015 to 2016 indicate a favorable or an unfavorable trend?
Last year, Nikkola Company had net sales of 2,299,500,000 and cost of goods sold of 1,755,000,000. Nikkola had the following balances: Refer to the information for Nikkola Company above. Required: Note: Round answers to one decimal place. 1. Calculate the average inventory. 2. Calculate the inventory turnover ratio. 3. Calculate the inventory turnover in days. 4. CONCEPTUAL CONNECTION Based on these ratios, does Nikkola appear to be performing well or poorly?
Sundahl Companys income statements for the past 2 years are as follows: Refer to the information for Sundahl Company above. Required: 1. Prepare a common-size income statement for Year 1 by expressing each line item as a percentage of sales revenue. (Note: Round percentages to the nearest tenth of a percent.) 2. Prepare a common-size income statement for Year 2 by expressing each line item as a percentage of sales revenue. (Note: Round percentages to the nearest tenth of a percent.)
The following selected information is taken from the financial statements of Arnn Company for its most recent year of operations: During the year, Arnn had net sales of 2.45 million. The cost of goods sold was 1.3 million. Required: Note: Round all answers to two decimal places. 1. Compute the current ratio. 2. Compute the quick or acid-test ratio. 3. Compute the accounts receivable turnover ratio. 4. Compute the accounts receivable turnover in days. 5. Compute the inventory turnover ratio. 6. Compute the inventory turnover in days.
The following information is available for Cooke Company for the current year: The gross margin is 40% of net sales. What is the cost of goods available for sale? a. 5840,000 b. 960,000 c. 1,200,000 d. 1,220,000