Sunland Manufacturing has provided the following comparative income statements for 2021 and 2022. Net sales Cost of goods sold Gross profit Selling and administrative expenses Depreciation Operating profit Income taxes Net income 2021 $199.000 87,000 112,000 45,000 25,000 42,000 8,500 $33,500 2022 $205,000 93,275 111,725 53,997 27,060 30,668 7.175 $23,493 Prepare a common-size analysis of Sunland's income statement for 2022. (Round percentage answers to 2 decimal places, eg. 50.10%

Sunland Manufacturing has provided the following comparative income statements for 2021 and 2022. Net sales Cost of goods sold Gross profit Selling and administrative expenses Depreciation Operating profit Income taxes Net income 2021 $199.000 87,000 112,000 45,000 25,000 42,000 8,500 $33,500 2022 $205,000 93,275 111,725 53,997 27,060 30,668 7.175 $23,493 Prepare a common-size analysis of Sunland's income statement for 2022. (Round percentage answers to 2 decimal places, eg. 50.10%

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 74E

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Projecting NOPAT and NOA Using Parsimonious Forecasting Method Following are Logitech's sales, net operating profit after tax (NOPAT), and net operating assets (NOA) for its fiscal year ended March 31, 2019 ($ thousands). Note: Complete the entire question using the following Excel template: Excel Template. Then enter the answers into the provided spaces below with two decimal places. Financial information Net sales Net operating profit after tax (NOPAT) Net operating assets (NOA) $2,788,322 211,362 571,823 Use the parsimonious method to forecast Logitech's sales, NOPAT, and NOA for fiscal years ended March 31, 2020 through 2023 using the following assumptions. Note: Complete the entire question in Excel (template provided above). Using Excel, format each answer to two decimal places. Use Increase Decimal or Decrease Decimal to adjust decimal places. Do not round answers. Then enter the answers into the provided spaces below with two decimal places_. Note: When completing the question…
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