BUS 620 Week 3 Assignment The Case of the New Apple, Inc.

BUS 620 Week 3 Assignment The Case of the New Apple, Inc. in $6 onlyBUS 620 Week 3 Assignment

Week 3 Assignment

The Case of the New Apple, Inc.Read the article:

Burrows, P., & Satariano, A. (2012). Can Phil Schiller keep Apple cool?Bloomberg Businessweek. Retrieved from http://www.businessweek.com/articles/2012-06-07/can-phil-schiller-keep-apple-cool#p2

Assignment Instructions:

Accounting Chapter 2 HW – ABC Inc.

Accounting Chapter 2 HW – ABC Inc. in $12 only

ABC Inc. 2011 sales are $900,000. Operating costs (excluding depreciation) are 80% of sales. Net fixed assets are $125,000. Depreciation amounted to 12% of net fixed assets. Interest expenses are $100,000. The tax rate is 30% and ABC Inc. paid 10% in dividends.
Complete the following:

Sales Revenue 900,000

Expenses as a percent of sales (excluding depreciation) 80%

Net fixed asset 125,000

Depreciation as a % of net fixed assets 12%

Tax rate 30%

Interest expense 100,000

Dividend Payout Ratio 10%

ABC Inc. Income Statement