Course Solutions Uncategorized (Solved) : Austin Grocers Recently Reported Following 2018 Income Statement Millions Dollars Sales Op Q33141125 . . . .

(Solved) : Austin Grocers Recently Reported Following 2018 Income Statement Millions Dollars Sales Op Q33141125 . . . .

June 27, 2024June 27, 2024| adminadmin| 0 Comment| 8:24 pm
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Austin Grocers recently reported the following 2018 income statement (in millions of dollars): Sales Operating costs including depreciation EBIT Interest EBT Taxes (40%) Net income Dividends Addition to retained earnings $700 500 $200 40 $160 64 $96 $32 $64 For the coming year, the company is forecasting a 25% increase in sales, and it expects that its year-end operating costs, including depreciation, will equal 75% of sales Austins tax rate, interest expense, and dividend payout ratio are all expected to remain constant a. What is Austins projected 2019 net income? Enter your answer in millions. For example, an answer of $13,000,000 should be entered as 13. Round your answer to two decimal places million b. What is the expected growth rate in Austins dividends? Do not round intermediate calculations. Round your answer to two decimal places

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