The 2012 income statement for a subject company is
The 2012 income statement for a subject company is as follows:
For 2013, net sales are projected to increase by 12%, gross profit margin is expected to increase by 2% while SG&A expenses as a percent of net sales is expected to remain constant, total debt is not expected to change, and the effective tax rate is expected to remain constant.
Based on the above information, the company’s 2013 projected net income (in millions) is closest to:
A. $33.
B. $44.
C. $55.
参考解答
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2024-11-11 14:17:48
Ans:B.
Projected 2013 net income is determined as follows:
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