shares in Millions, $ in Millions
2018
2017
2016
Income Statement
Net Sales
$108,203
$100,904
$94,595...
shares in Millions, $ in Millions
2018
2017
2016
Income Statement
Net Sales
$108,203
$100,904
$94,595
Cost of sales
71,043
66,548
62,282
Gross profit
37,160
34,356
32,313
Operating expenses:
Selling, general and administrative
19,513
17,864
17,132
Depreciation and amortization
1,870
1,811
1,754
Impairment loss
247
0
0
Total operating expenses
21,630
19,675
18,886
Operating income
15,530
14,681
13,427
Interest and other (income) expense:
Interest and investment income
-93
-74
-36
Interest expense
1,051
1,057
972
Other
16
0
0
Interest...
Common-Size Income Statements
Following is the income statement for Target Corporation.
Prepare Target’s common-size income statement...
Common-Size Income Statements
Following is the income statement for Target Corporation.
Prepare Target’s common-size income statement for the fiscal year
ended January 31, 2015.
(Round your answers to one decimal place.)
($
millions)
Fiscal year
ended
January 31, 2015
Sales revenue
$72,618
Cost of sales
51,278
Selling, general and administrative expenses
14,676
Depreciation and amortization
2,129
Earnings from continuing operations before interest and income
taxes
4,535
Net interest expense
882
Earnings from continuing operations before income taxes
3,653
Provision for...
Find the ratios for the given Income
Statement
All numbers in thousands
Revenue
12/31/2018
12/31/2017
Total...
Find the ratios for the given Income
Statement
All numbers in thousands
Revenue
12/31/2018
12/31/2017
Total Revenue
243,770,000,000
239,575,376,000
Cost of Revenue
132,390,000,000
129,290,661,000
Gross Profit
111,380,000,000
110,284,715,000
Operating Expenses
Research Development
18,350,000,000
16,355,612,000
Selling General and Administrative
34,140,000,000
38,947,445,000
Non Recurring
-
-
-
Others
-
-
Total Operating Expenses
184,880,000,000
185,930,338,000
Operating Income or Loss
58,890,000,000
53,645,038,000
Income from Continuing Operations
Total Other Income/Expenses Net
2,270,000,000
2,550,929,000
Earnings Before Interest and Taxes
58,890,000,000
53,645,038,000
Interest Expense
-
-655,402,000...
The Alexander Company reported the following income statement
for 2016:
Sales $15,000,000
Less: Operating expenses
Wages,...
The Alexander Company reported the following income statement
for 2016:
Sales $15,000,000
Less: Operating expenses
Wages, salaries, benefits $6,000,000
Raw materials 3,000,000
Depreciation 1,500,000
General, selling, and administrative expenses 1,500,000
Total operating expenses 12,000,000
Earnings before interest and taxes (EBIT) $3,000,000
Less: Interest expense 750,000
Earnings before taxes $2,250,000
Less: Income taxes 1,000,000
Earnings after taxes $1,250,000
Less: Preferred dividends 250,000
Earnings available to common stockholders $1,000,000
Earnings per share—250,000 shares outstanding $4.00
Assume that all depreciation and 75 percent...
Rembrandt Paint Company had the following income statement items
for the year ended December 31, 2016...
Rembrandt Paint Company had the following income statement items
for the year ended December 31, 2016 ($ in 000s): Net sales $
31,000 Cost of goods sold $ 17,000 Interest income 330 Selling and
administrative expenses 3,800 Interest expense 610 Restructuring
costs 2,100 In addition, during the year the company completed the
disposal of its plastics business and incurred a loss from
operations of $2.9 million and a gain on disposal of the
component’s assets of $4.6 million. 600,000 shares...
For the FY 2016, Alpha Company had net sales of $850,000 and net
income of $50,000,...
For the FY 2016, Alpha Company had net sales of $850,000 and net
income of $50,000, paid income taxes of $20,000, and had before tax
interest expense of $10,000. Use this information to determine the:
(Round & enter your answers to one decimal place and enter the
value.) 1. Times Interest Earned Ratio 2. Profit Margin
Forecasting an Income Statement
Assume Abercrombie & Fitch reports the following income
statements.
Income Statement, For...
Forecasting an Income Statement
Assume Abercrombie & Fitch reports the following income
statements.
Income Statement, For Fiscal Years Ended ($ thousands)
2011
2010
Net sales
$ 3,741,847
$ 3,318,158
Cost of goods sold
1,238,480
1,109,152
Gross profit
2,503,367
2,209,006
Stores and distribution expense
1,386,846
1,187,071
Marketing, general and administrative expense
395,758
373,828
Other operating (income), net
(11,734)
(9,983)
Operating income
732,497
658,090
Interest income, net
(19,328)
(13,896)
Income before income taxes
751,825
671,986
Provision for income taxes
283,628
249,800
Net...
LOGIC COMPANY
Comparative Income Statement
For Years Ended December 31, 2016 and 2017
2017
2016
Gross...
LOGIC COMPANY
Comparative Income Statement
For Years Ended December 31, 2016 and 2017
2017
2016
Gross sales
$
19,000
$
15,000
Sales returns and
allowances
1,000
100
Net sales
$
18,000
$
14,900
Cost of merchandise (goods)
sold
12,000
9,000
Gross profit
$
6,000
$
5,900
Operating expenses:
Depreciation
$
700
$
600
Selling and administrative
2,200
2,000
Research
550
500
Miscellaneous
360
300
Total operating expenses
$
3,810
$
3,400
Income before interest and
taxes
$
2,190
$
2,500...
INCOME STATEMENT:
2016
2017
Sales
$100,000.00
$120,300.00
Cost of Goods Sold
$60,000.00
$72,180.00
Gross Margin
$40,000.00...
INCOME STATEMENT:
2016
2017
Sales
$100,000.00
$120,300.00
Cost of Goods Sold
$60,000.00
$72,180.00
Gross Margin
$40,000.00
$48,120.00
Depreciation
$16,000.00
$19,200.00
Administrative Costs
$9,000.00
$10,800.00
EBIT
$15,000.00
$18,120.00
Interest
$4,000.00
$4,000.00
Pre-tax income
$11,000.00
$14,120.00
Taxes
$4,400.00
$5,648.00
Net Income
$6,600.00
$8,472.00
Dividends
$0.00
$5,083.20
Addition to Retained Earnings
$6,600.00
$3,388.80
BALANCE SHEET AS OF 12/31/2017:
ASSETS
2016
2017
Cash
$5,000.00
$6,000.00
Inventory
$15,000.00
$18,000.00
Accounts Receivable
$15,000.00
$18,045.00
Current Assets
$35,000.00
$42,045.00
Net PPE
$80,000.00
$92,000.00
Total Assets (TA)
$115,000.00...