The Following Balance Sheet and Income Statement Pertain to Goode

question 24

Essay

The following balance sheet and income statement pertain to Goode Corp.,using the following assumptions complete a forecasted 2013 income statement:
$\begin{array}{l}\text { Assumptions far 2013: }\\\begin{array} { l l } \text { Revenue growth rate } & 45 \% \\\text { COGS } & 70 \% \text { of sales } \\\text { Operating expenses } & 18 \% \text { of sales } \\\text { Interest expense } & 12 \% \text { of begining lang-term debt } \\\text { Tax rate }&35\%\end{array}\end{array}$
$\begin{array}{l}\begin{array}{lll} \text { Goode corp. Consolidated Statement of Income}\\ \text { (Thousands except per share amounts)}\\\\ \text { Net Revenues}\\ \text { Cost of Revenue}\\ \text { SG\&A}\\ \text { Operating Income}\\ \text { Interest Expense}\\ \text { Income Before Income Taxes}\\ \text { Income taxes}\\ \text { Net Income}\\ \text { Goode Corp Consolidated Balance Sheet }\\ \text { (Thousands)}\\ \text { Current Assets}\\ \text { Cash and Equivalents}\\ \text { Merchandise inventory}\\ \text { Accounts receivable}\\ \text { PPE (including intangibles), net}\\ \text { Total Assets}\\ \text {Liabilities and Stockholders' Equity}\\ \text { Accounts payable}\\ \text {Long-term debt}\\ \text {Shareholders' Equity}\\ \text {Common stock and APIC}\\ \text {Retained earnings}\\ \text {Total Liabilities and Shareholders' Eq.}\\\end{array}\begin{array}{lll}\\2012\\\\\$ 345,871 \\(226,546) \\\underline {(83,009)} \\36,316 \\\underline {(484)} \\35,832 \\\underline {(12,541)} \\\underline { \$ 23,291}\\\\2012\\\\7,905\\6,308\\6,614\\\underline {39,458}\\\underline {60,285}\\\\9,643 \\13,500 \\\\28,613 \\\underline { 8,529} \\\underline { 60,285}\\\end{array}\end{array}$

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Expected norms and behaviors established by a society that individuals are assumed to follow.

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Elements within genes that can influence traits, behaviors, and diseases in individuals.

Siblings

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