The following is an income statement for Gabotti Enterprises: ...
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Accounting
The following is an income statement for Gabotti Enterprises:
|
| 2015 | 2016 |
| Net Sales | $15,000,000 | $25,000,000 |
| Fixed Costs | 3,800,000 | 3,800,000 |
| Variable Costs | 1,980,000 | 3,300,000 |
| Operating Income | $9,220,000 | $17,900,000 |
| Interest Expense | 1,710,000 | 1,710,000 |
| EBT | 7,510,000 | 16,190,000 |
| Taxes (30%) | 2,253,000 | 4,857,000 |
| Net Income | $5,257,000 | $11,333,000 a. From the table, calculate Gabotti Enterprises DFL using both methods |
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