QuickHelper

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About QuickHelper

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Elementary,High School,College,University,PHD

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Teaching Since: May 2017
Last Sign in: 357 Weeks Ago, 2 Days Ago
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Education

  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

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  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Accounting Posted 12 Jun 2017 My Price 8.00

Finance 250 homework help

Question description

 

 

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)

I am 10000000% confused right now. Can someone please break this down piece by piece for me. 

Thank you soo much <3

Answers

QuickHelper
(10)
Status NEW Posted 12 Jun 2017 08:06 PM My Price 8.00

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