Assume the investment project enables the company to increase sales by $90,000 and COGS by $43,800. Income Statement(Thousands) Net Sales 365,000 Cost of Goods Sold 146,000 Gross Income 219,000 Selling, general and 150,000 Administrative Net Operating Income (NOI) 69,000 Other Income & Expenses Extraordinary Gain (Loss) 10,000 Interest Expense 15,000 Net Profit Before Taxes 44,000 Income Taxes 13,200 Net Income 30,800 Balance Sheet (Thousands) Assets Current Assets Cash 12,000 Accounts Receivables 73,000 Inventory 34,000 Other Current Assets 30,000 Total Current Assrets

Assume the investment project enables the company to increase sales by $90,000 and COGS by $43,800. Income Statement(Thousands) Net Sales 365,000 Cost of Goods Sold 146,000 Gross Income 219,000 Selling, general and 150,000 Administrative Net Operating Income (NOI) 69,000 Other Income & Expenses Extraordinary Gain (Loss) 10,000 Interest Expense 15,000 Net Profit Before Taxes 44,000 Income Taxes 13,200 Net Income 30,800 Balance Sheet (Thousands) Assets Current Assets Cash 12,000 Accounts Receivables 73,000 Inventory 34,000 Other Current Assets 30,000 Total Current Assrets

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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