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    Session 2 Income Statement FC Exercise - Question

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    nhutminh2706
    This document contains projected income statements for the years 2019 through 2025 for a company. It shows assumptions for revenue growth, cost of goods sold, expenses, and tax rates. The income statement then shows the company's projected revenues, costs, expenses, earnings before tax, taxes, and net income for each year. Revenues are estimated to grow between 3.9-10% annually through 2025 while net income is forecasted to increase from $16 million in 2019 to $44.7 million in 2025.

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    Session 2 Income Statement FC Exercise - Question

    Uploaded by

    nhutminh2706
    5 views2 pages
    This document contains projected income statements for the years 2019 through 2025 for a company. It shows assumptions for revenue growth, cost of goods sold, expenses, and tax rates. The income statement then shows the company's projected revenues, costs, expenses, earnings before tax, taxes, and net income for each year. Revenues are estimated to grow between 3.9-10% annually through 2025 while net income is forecasted to increase from $16 million in 2019 to $44.7 million in 2025.

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    Session 2 Income Statement FC Exercise_Question

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    This document contains projected income statements for the years 2019 through 2025 for a company. It shows assumptions for revenue growth, cost of goods sold, expenses, and tax rates. The income statement then shows the company's projected revenues, costs, expenses, earnings before tax, taxes, and net income for each year. Revenues are estimated to grow between 3.9-10% annually through 2025 while net income is forecasted to increase from $16 million in 2019 to $44.7 million in 2025.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    5 views2 pages

    Session 2 Income Statement FC Exercise - Question

    Uploaded by

    nhutminh2706
    This document contains projected income statements for the years 2019 through 2025 for a company. It shows assumptions for revenue growth, cost of goods sold, expenses, and tax rates. The income statement then shows the company's projected revenues, costs, expenses, earnings before tax, taxes, and net income for each year. Revenues are estimated to grow between 3.9-10% annually through 2025 while net income is forecasted to increase from $16 million in 2019 to $44.7 million in 2025.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
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    Income Statement Actuals Estimates

    All figures in USD thousands unless stated 2019 2020 2021 2022 2023 2024 2025

    Assumptions

    Revenue Growth (% Change) 10.0% 9.1% 8.3% 7.7% 10.0% 3.9%


    Cost of Goods Sold (% of Revenue) 30.0% 31.8% 33.3% 34.6% 35.7% 35.7% 37.5%
    Selling, general, and administrative ($000's) 30,000 28,000 28,000 27,000 27,000 25,900 25,200
    Depreciation & Amortization 20,000 19,000 18,000 17,000 16,000 15,000 14,000
    Interest 2,000 4,000 3,800 3,800 3,800 4,500 4,840
    Tax Rate (% of Earnings Before Tax) 11.1% 20.8% 23.2% 21.5% 25.7% 20.0% 20.0%
    Income Statement

    Revenue 100,000 110,000 120,000 130,000 140,000 154,000 160,000


    Cost of Goods Sold (COGS) 30,000 35,000 40,000 45,000 50,000 55,000 60,000
    Gross Profit 70,000 75,000 80,000 85,000 90,000 99,000 100,000

    Expenses
    Selling, general, and administrative 30,000 28,000 28,000 27,000 27,000 25,900 25,200
    Depreciation & Amortization 20,000 19,000 18,000 17,000 16,000 15,000 14,000
    Interest expenses 2,000 4,000 3,800 3,800 3,800 4,500 4,840
    Total Expenses 52,000 51,000 49,800 47,800 46,800 45,400 44,040
    Earnings Before Tax 18,000 24,000 30,200 37,200 43,200 53,600 55,960

    Taxes 2,000 5,000 7,000 8,000 11,100 10,720 11,192


    Net Income 16,000 19,000 23,200 29,200 32,100 42,880 44,768

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