Finance 250 homework.

May 13th, 2015
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Given that a firm had sales of 30,000 last year, gross profit margin (gross profit/sales)=40%, operating profit margin (EBIT/sales)=30%, before tax profit margin(EBT/sales)=20%, and net profit margin(EAT/sale) of 10%, construct the income statement, including a) a cost of goods sold, b) combined operating expenses, and depreciation c)tax liabilities and d) earnings after tax. Use the form (sales-COGS= Gross profit-operating expense&depreciations= EBIT-Interest=EBT-tax=EAT)

Word Count: 228
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Income Statement Sales 30,000Less: Cost of goods sold (balance) (18000) Gross Profit (W#1) 12,000 Less: Operating Expenses (balance) (3000) (Including Depreciation) Profit before interest and tax (PBIT) [W#2] 9000Less: Interest (Balance) (3000) Profit before tax (PBT) [W#3] 6000Tax (balance) (3000) Net Profit/Profit after tax (PAT) [W#4] 3000 WorkingsWorking#1

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