Bruto's sales for year 2014 were $74,889. For that year, the cost of sales without depreciation was 78% of the value of sales and depreciation was 7.333% of the value of sales. Calculate the Net Income of Bruto, assuming that the income tax for the company is 35% and that they are projecting an increase in sales of 10%, with an interest expense of $306.

Global Corp. expects sales to grow by 7% next year. Using the percent of sales method and the data provided in the given tables LOADING... ​, ​forecast: a. Costs except depreciation b. Depreciation c. Net income d. Cash e. Accounts receivable f. Inventory g.​ Property, plant, and equipment h. Accounts payable   ​(​Note: Interest expense will not change with a change in sales. Tax rate is 26​%.)   The Tax Cuts and Jobs Act of 2017 temporarily allows​ 100% bonus depreciation​ (effectively expensing capital​ expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career. Income Statement    Net Sales    185.3Costs Except Depreciation    -175.4EBITDA    9.9Depreciation and Amortization    -1.2EBIT    8.7Interest Income (expense)    -7.7Pretax Income    1Taxes (26%)    -0.3Net Income    0.7   Balance Sheet    Assets    Cash     23.4Accounts…

Medium Manufacturers, Inc. (MMI) has the following items on its Income Statement for last year: Sales of $459,500, Cost of Goods Sold of $325,789, Cash Operating Expenses of $45,795, Depreciation Expense of $33,595, Interest Expense of $8,796, and a Marginal Tax Rate of 25%. Medium Manufacturers, Inc. (MMI) has the following items on its Balance Sheet for last year: Cash of $16,495, Accounts Receivable of $49,786, Inventory of $54,997, Short Term Investments of $85,039, Gross Fixed Assets of $429,750, Accumulated Depreciation of $95,847, Accounts Payable of $39,875, Accrued Expenses of $5,496, Short Term Notes Payable of $17,950, Long Term Debt of $105,345, Common Stock of $75,678 with a $1 Par Value, Additional Paid in Capital of $95,876, and Retained Earnings of $200,000. MMI paid Cash Dividends last year of $10,243. 9) What was MMI’s Beginning of Year Retained Earnings Balance last year to the nearest cent?

For the past year, Momsen, Ltd., had sales of $44,042, interest expense of $2,918, cost of goods sold of $14,559, selling and administrative expense of $10,626, and depreciation of $4,675. If the tax rate was 35 percent, what was the company's net income?

For the past year, shame ltd., had sales of $45,002, interest expense of $4,306, cost of goods sold of $18,349, selling and administrative expense of $12,146, and depreciation of $6,995. If the tax rate was 33 percent, what was the company's net income?

Foraker Inc. has sales of $52,900, costs of $35,443, depreciation expense of $3,480, and interest expense of $2,105.  If the tax rate is 21%, the operating cash flow (OCF) is:

Stackhouse Industries had the following operating results for 2020: sales = $54,510; cost of goods sold = $37,430; depreciation expense = $5,830; interest expense = $1,325; dividends paid = $2,820. At the beginning of the year, net fixed assets were $33,200, current assets were $8,300, and current liabilities were $5,553. At the end of the year, net fixed assets were $42,820, current assets were $9,395, and current liabilities were $5,870. The tax rate was 24 percent.   a. What was net income for 2020? (Do not round intermediate calculations.) b. What was the operating cash flow for 2020? (Do not round intermediate calculations.) c. What was the cash flow from assets for 2020? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations.) d-1. If no new debt was issued during the year, what was the cash flow to creditors? (Do not round intermediate calculations.) d-2. If no new debt was issued during the year, what was the cash flow to…

Crane reported the following information for its fiscal year end: On net sales of $ 53.000 billion, the company earned net income after taxes of $ 7.155 billion. It had a cost of goods sold of $ 21.465 billion and EBIT of $ 9.275 billion. What are the company’s gross profit margin, operating profit margin, and net profit margin? (Round answers to 1 decimal place, e.g.12.5%.) Gross profit margin     % Operating profit margin     % Net profit margin     %

Need detailed help with the proforma income statement

Local Co. has sales of $10.3 million and cost of sales of $6.1 million. Its selling, general and administrative expenses are $460000 and its research and development is $1.1 million. It has annual depreciation charges of $1.1 million and a tax rate of 25% . a. What is Local's gross margin? b. What is Local's operating margin? c. What is Local's net profit margin? d. If Local Co. had an increase in selling expenses of $270000, how would that affect each of its margins?