Statement of Income LIVE Forecast 2014 Financial Statement Forecast - Undisclosed Company Actual 2013 Actual...
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Statement of Income LIVE Forecast 2014 Financial Statement Forecast - Undisclosed Company Actual 2013 Actual 2012 Net Sales $6,950 $6,623 Cost of Sales In addition to the 2013 Income Statement management provided you with the following informat regarding fiscal year 2014 4.231 Grass Profit 4241 1. Revenues for 2014 are only expected to grow by 0.5% 2,719 Selling. General and Administrative Expenses 2,382 2. The Company will not borrow any additional long-term debt. 665 504 Operating Income 2,054 3. The Gross Profit margin percentage will remain the same. 4. The SGA percentage will improve by 0.5% investment Income 1,878 2 4 Interest Expense 5. Investment income will double -172 - 154 Income before Income Taxes 6. Income tax rate will increase by 125 basis points 1,884 1,728 Income Taxes 209 622 Net Income 1,180 $1.099 Use the above information along with common size and percent change analysis, to forecast: A-2014 Income Statement, including Net Income (No eps data required) ADO Intent: Automatic None Match to Profile
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