The writer is very fast, professional and responded to the review request fast also. Thank you.
Samson’s Sailboats Inc. recently reported the following income statement (in millions of dollars):
2018
Sales $3,500
Operating costs 2,500
EBIT $1,000
Interest 200
EBT $800
Taxes (40%) 320
Net income $ 480
Dividends (40%) $
Addition to retained earnings $
This year the company is forecasting a 40% increase in sales, and it expects that its year end operating costs will decline to 60% of sales. Samson’s tax rate, interest expense, and dividend payout ratio are all expected to remain constant.
What is Samson’s projected 2019 Net Income?
What is the projected 2019 paid out Dividend?
What is the forecasted addition to Retained Earnings to 2019?
can you help me solve this one
Kenney Corporation recently reported the following income statement for 2013 (numbers are in millions of dollars):
2018 2019
Sales $ 7,000
Operating costs 3,000
EBIT $ 4,000
Interest 200
Earnings before taxes (EBT) $ 3,800
Taxes (40%) 1,520
Net income available to common shareholders $ 2,280
The company forecasts that its sales will increase by 10% in 2019 and its operating costs will increase in proportion to sales. The company’s interest expense is expected to remain at $200 million, and the tax rate will remain at 40%. The company plans to pay out 50% of its net income as dividends, the other 50% will be additions to retained earnings.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more