Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Based on the
Transcribed Image Text:Income Statement
Assumption 2014
Sale (Turnover)
13%
422.7
Cost of sales
40% of sales 169.1
Gross profit
253.6
Operating expenses
52% of sales 219.8
Interest expenses
6% of debt
3.4
Profit before tax
30.5
Тах
30% of PBT 9.1
Profit after tax (net income)
21.3
Dividends
Fixed
10.9
Retained earning
10.4
Balance Sheet
Assumption 2014
Cash
Plug
5.1
Account receivable
8% of sales 33.8
Inventories
14% of sales 59.2
Current assets
4.9% of sales 20.7
Fixed assets
30% of sales 126.8
Other assets
1.8% of sales 7.6
Total assets
253.2
Account payable
4.2% of sales 17.8
Таx рayable
2% of sales 8.5
Аccruals
3.7% of sales 15.6
Overdrafts
Plug
0.0
Current liabilities
4.2% of sales 17.8
Long-term liabilities
Fixed
61.2
Other liabilities
0.1% of sales 0.4
Shareholders' equity
132.0
Total liabilities and equity
253.2
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education