FIN/419 Version 5 University of Phoenix Material ICS Manufacturing Company Case Study Directions

Jul 29th, 2016
Studypool Tutor
University of Phoenix
Price: $15 USD

Tutor description

FIN/419 Version 5 University of Phoenix Material ICS Manufacturing Company Case Study Directions: Answer the questions. Be sure to show calculations/numbers used to solve the problems. ICS Manufacturing Company produces plastic parts for the automotive industry. Here is their Income Statement for 2015 – ICS Manufacturing Company Income Statement for 2015 Sales Revenue $35,500,000 Cost of Goods Sold 12,725,000 Selling, General & Admin Exp 11,200,000 Depreciation Expense 3,200,000 EBIT 8,375,000 Interest Expense 350,000 Taxable Income 8,025,000 Taxes 3,210,000 Net Income 4,815,000 Transfer this income statement to an Excel spreadsheet and begin to prepare a Pro Forma Income statement for 2016 based on the following information: 1. Sales revenue to increase 5.2%, COGS to increase 4.5%, S,G&A will increase 3.8% and depreciation expense will be $3,255,000. Assume interest expense to be $375,000 and

Review from student

Studypool Student
" Top quality work from this guy! I'll be back! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1824 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors