The Income Statement of Allied Food Products (in millions of U.S. dollar): Ratios of 2019 Ratios Sales Calculation 2020 (Forecast) Net Sales 3,000.00 10% 2,616.2 Operating costs (Cost of goods sold) 2,616.20 3,000 87.2% 3,30Ox0.872 EBITDA 383.80 100 1,100 from fixed assets forecasted in Balance Depreciation 1,000 10% 1,100x0.1 100.00 Sheet EBIT 283.80 Assume 9% for short-term debt Assume 11% for long-term debt Less Interest 88.00 EBT 195.80 Taxes (40%) 78.30 Net Income 117.50 Assumed to grow by 8% Common dividends 57.50 Addition to retained earnings 60.00
The Income Statement of Allied Food Products (in millions of U.S. dollar): Ratios of 2019 Ratios Sales Calculation 2020 (Forecast) Net Sales 3,000.00 10% 2,616.2 Operating costs (Cost of goods sold) 2,616.20 3,000 87.2% 3,30Ox0.872 EBITDA 383.80 100 1,100 from fixed assets forecasted in Balance Depreciation 1,000 10% 1,100x0.1 100.00 Sheet EBIT 283.80 Assume 9% for short-term debt Assume 11% for long-term debt Less Interest 88.00 EBT 195.80 Taxes (40%) 78.30 Net Income 117.50 Assumed to grow by 8% Common dividends 57.50 Addition to retained earnings 60.00
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
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Transcribed Image Text:The Income Statement of Allied Food Products (in millions of U.S. dollar):
Ratios of
2019
Ratios
Sales Calculation
2020 (Forecast)
Net Sales
3,000.00
10%
2,616.2
Operating costs (Cost of goods sold)
2,616.20
3,000
87.2% 3,30Ox0.872
EBITDA
383.80
100
1,100 from fixed assets
forecasted in Balance
Depreciation
1,000
10% 1,100x0.1
100.00
Sheet
EBIT
283.80
Assume 9% for short-term debt
Assume 11% for long-term debt
Less Interest
88.00
EBT
195.80
Taxes (40%)
78.30
Net Income
117.50
Assumed to grow by 8%
Common dividends
57.50
Addition to retained earnings
60.00
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