FIN 419 Week 5 Individual Assignment ICS Manufacturing Company Case Study
FIN 419 Week 5 Individual Assignment ICS Manufacturing Company Case Study
FOR MORE CLASSES VISIT www . fin419assist . com
ICS Manufacturing Company Case Study
ICS Manufacturing Company produces plastic parts for the automotive industry . Here is their Income Statement for 2015 –
ICS Manufacturing Company
Income Statement for 2015 Sales Revenue $ 35,500,000 Cost of Goods Sold 12,725,000
11,200,000
Selling , General & Admin Exp
Depreciation Expense |
3,200,000 |
EBIT |
8,375,000 |
Interest Expense |
350,000 |
Taxable Income |
8,025,000 |
Taxes |
3,210,000 |