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Acme sales next year

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Reference no: EM133057536

?ACME, Inc. reported the following income statement for? 2009:

Sales

?$2,500,000 

Variable Costs

?900,000

Fixed Operating Costs

?700,000

EBIT

?900,000

Interest Expense

?200,000

EBT

?700,000

Taxes? (30%) 

?210,000

Net Income

?$490,000 

Earnings Per Share

?$4.90 

If? ACME's sales next year increase by? 20%, ACME's EBIT will increase

Reference no: EM133057536

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