Samson's Sailboats Inc. recently reported the following Income statement (in millions of PESOS): 2021 Sales P 3,500 Operating costs 2,500 EBIT 1,000 Interest 200 EBT 800 Taxes (40%) 320 Net income 480 Dividends (40%) P 192 Addition to retained earnings P 288 This year the company is forecasting a 30 percent increase in sales, and it expects that its year-end operating costs will decline to 60 percent of sales. Samson's tax rate, interest expense, and dividend payout ratio are all expected to remain constant. Samson's projected 2022 net income would be P

Samson's Sailboats Inc. recently reported the following Income statement (in millions of PESOS): 2021 Sales P 3,500 Operating costs 2,500 EBIT 1,000 Interest 200 EBT 800 Taxes (40%) 320 Net income 480 Dividends (40%) P 192 Addition to retained earnings P 288 This year the company is forecasting a 30 percent increase in sales, and it expects that its year-end operating costs will decline to 60 percent of sales. Samson's tax rate, interest expense, and dividend payout ratio are all expected to remain constant. Samson's projected 2022 net income would be P

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter9: Corporate Valuation And Financial Planning

Section: Chapter Questions

Problem 1P: Broussard Skateboard’s sales are expected to increase by 15% from $8 million in 2018 to $9.2 million...

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