O Cambridge Busines PModule 11 I Financial Statement ForecastingLO2 M11-12. Forecast an Income StatementSATEOLOGYSTX)SEAGATE TECHNOLOGY PLCConsolidated Statement of IncomeFor Year Ended June 28, 2019, $ millionsBC$10,390Revenue.7,458Cost of revenue991Product developmentMarketing and administrativeAmortization of intangibles.Restructuring and other, net.45323(22)Total operating expenses.8,903Income from operations.1,487Interest income84Interest expenseOther, net(224)25Other expense, net.(115)Income before incorne taxes(Benefit) provision for income taxes1,372(640)Net income..$ 2,012Forecast Seagate's 2020 income statement assuming the following income statement relations (STRevenue growth.Cost of revenueProduct developmentMarketing and administrativeAmortization of intangibles.Restructuring and other, net,Interest income...Interest expense.Other, netIncome tax rate.5%71.8% of revenue9.5% of revenue4.4% of revenueNo change$0No changeNo changoNo change21%LO2 MI1-13. Forecast an Income StatementFollowing is the income statement for Medtronic PLCConsolidated Statement of Income (S millions)For Fiscal Year EndedNet sales.LOC 2019

Income statement shows the net income / loss incurred by the company in a particular financial year.…

O Cambridge Businea ha O Cambridge Busilnes Module 11 I Finanoial Statement Forecasting LO2 MII-12. Forecast an Income Statement TE LOGY TX) SEAGATE TECHNOLOGY PLC Consolldated Statement of Income For Year Ended June 28, 2019, $ millions $10,300 Revenue. 7,458 991 Cost of revenue Product development. Marketing and administrative. Amortization of intangibles.. Restructuring and other, net. Total operating expenses... Income from operations. .........1 453 23 .... (22) 8,903 1,487 84 (224) 25 Interost income .... Interest expense. Other, net Other expense, net (115) Income before incorne taxes 1,372 (640) $ 2,012 (Benefit) provision for income taxes. .... Net income. Forecast Seagate's 2020 income statement assuming the following income statement relations ( Revenue growth.. Cost of revenue Product development Marketing and administrative. Amortization of intangibles Restructuring and other, net.. Interest income. Interest expense. Other, net... Income tax rate. 5% 71.8% of revenue 9.5% of revenue 4.4% of revenue No change ..... ..$0 ...No change No chango No chango 21% 02 MI1-13, Forecast an Income Statement

O Cambridge Businea ha O Cambridge Busilnes Module 11 I Finanoial Statement Forecasting LO2 MII-12. Forecast an Income Statement TE LOGY TX) SEAGATE TECHNOLOGY PLC Consolldated Statement of Income For Year Ended June 28, 2019, $ millions $10,300 Revenue. 7,458 991 Cost of revenue Product development. Marketing and administrative. Amortization of intangibles.. Restructuring and other, net. Total operating expenses... Income from operations. .........1 453 23 .... (22) 8,903 1,487 84 (224) 25 Interost income .... Interest expense. Other, net Other expense, net (115) Income before incorne taxes 1,372 (640) $ 2,012 (Benefit) provision for income taxes. .... Net income. Forecast Seagate's 2020 income statement assuming the following income statement relations ( Revenue growth.. Cost of revenue Product development Marketing and administrative. Amortization of intangibles Restructuring and other, net.. Interest income. Interest expense. Other, net... Income tax rate. 5% 71.8% of revenue 9.5% of revenue 4.4% of revenue No change ..... ..$0 ...No change No chango No chango 21% 02 MI1-13, Forecast an Income Statement

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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Question 18 Given: 2019 Sales $216,259 2020 Sales $290,149 2019 Operating Income = $102,258 2020 Operating Income = $174,701 2019 Net Income = $55,852 2020 Net Income = $83,735 Calculate DOL: (Enter your answer with 2 decimal places)
Pro Forma Financial Statement Information for Ideko 2014 - 2019 Year 1. Raw Material 2. Depreciation 3. Wages Payable 4. Interest Expense 5. Finished Goods 6. Other Accounts Payable 7. Accounts Receivable 8. Cash Balance 10. Interest Tax $22,170 $30,510 $35,195 $26,420 $21,260 2014 1,973 5,500 1,294 75 4,192 3,360 18,493 6,164 3,736 2015 1,534 5,450 1,433 6,800 4,967 4,099 14,525 7,262 2,796 2016 1,775 5,405 1,695 6,800 5,838 4,953 16,970 8,485 3,364 2017 2,039 6,865 1,941 6,800 6,815 5,938 19,689 9,845 3,748 The amount of net working capital for Ideko in 2017 is closest to: 2018 2,329 7,678 2,211 7,820 7,911 6,900 22,709 11,355 4,513 2019 2,646 7,710 2,570 8,160 9,138 7,878 26,059 13,030 5,678
Hi there, from that income statement I am stuck on the following calculations: your help would be greatly appreciated thank you 2019 2020 Asset Turnover: Sales revenue \ total assets (current assets + fixed assets) Non-current asset turnover: Sales \ non-current assets (FA) 440\405=1.09 330\361=0.91 Current ratio: Current assets\ current liabilities Quick ratio: (current asset- inventories) \ current liabilities Inventory days: Average inventory\cost of sales x 365 Receivable days: Average receivables\credit sales x 365 Payable days: Average payables\credit purchases x 365 Interest cover: Operating profit\interest payable
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What is the Asset Turnover Ratio in 2020?