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In 2015, Boston Snow Care, a hardware retail company, sold 4,000 units of a snow blower at an average price of $400 per unit. There were no returns and allowances in 2015, i.e all sales were final. Each snow blower was purchased by WSC from a manufacturer in china at $250/unit. Operating expenses (including depreciation) for BSC in 2015 were $400,000. BSC made an interest payment of $100,000 to the bank. Finally BSC's tax rate was 25%.
Net Sales
cost of goods sold
Gross profit
Operating expenses (incl. depreciation)
Operating income
Interest expense
EBT
Taxes
Net income _____________
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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