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    Projected FS q.1

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    AYUSH DHAR DUBEY
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    Projected FS q.1

    Uploaded by

    AYUSH DHAR DUBEY
    8 views2 pages
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    Original Title

    Projected FS q.1 (1)

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    8 views2 pages

    Projected FS q.1

    Uploaded by

    AYUSH DHAR DUBEY
    Good

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Q.1.

    Comparative income statement and balance sheet of Coca-Cola are shown below ($ millions):

    Year 1 Year 2
    Net Sales 19889 20092
    Cost of goods sold 6204 6044
    Gross Profit 13685 14048
    SG&A 9221 7893
    Depreciation &
    Amortization 773 803
    Interest expense
    (revenue) 292 -308
    Income before tax 3399 5660
    Income tax expense 1222 1691
    Net income 2177 3969
    Outstanding shares 3481 3491

    Year 1 Year 2
    Cash 1892 1934
    Receivables 1757 1882
    Inventories 1066 1055
    Other current assets 1905 2300
    Total current assets 6620 7171
    PPE 6614 7105
    Accumulated Dep. 2446 2652
    Net PPE 4168 4453
    Other non-current assets 10046 10793
    Total assets 20834 22417

    Accounts payable and accrued liabilities 3905 3679


    Short term debt and current maturities
    of long term debt 4816 3899
    Income tax liabilities 600 851
    Total current liabilities 9321 8429
    Deferred income taxes and other
    liabilities 1362 1403
    long term debt 835 1219
    Total non-current liabilities 2197 2622

    Common stock 870 873


    Capital surplus 3196 3520
    Retained earnings 18543 20655
    Treasury stock 13293 13682
    Shareholders’ equity 9316 11366
    Total liabilities and equity 20834 22417
    Use the following ratios to prepare a projected income statement, balance sheet and statement of
    cash flows for Year 3.

    Sales growth 1.02%


    Gross profit margin 69.92%
    SG&A/Sales 39.28%
    Depreciation expense/prior year PPE gross 12.14%
    Interest expense/prior year long term debt 5.45%
    Income tax expense/Pre-tax income 29.88%
    Accounts receivable turnover 10.68
    Inventory turnover 5.73
    Accounts payable turnover 1.64
    Taxes payable/Tax expense 50.33%
    Total assets/Stock holders' equity (fin lev) 2.06
    Dividend per share 1.37
    Capital expenditure/Sales 5.91%

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