Oliver company provided the following information for the coming year: units produced and sold 160,000 cost of goods sold per unit $6.30 selling price $11 variable selling and administrative expenses per unit $1.10 fixed selling and administrative expenses $423,000 tax rate 28 %

required: prepare a budgeted income statement for oliver company for the coming year. round all income statement amounts to the nearest dollar. oliver company budgeted income statement for the coming year $ $ $ $

If the ceo of a large, diversified, firm were filling out a fitness report on a division manager (i. e., "grading" the manager), which of the following situations would be likely to cause the manager to receive a better grade? in all cases, assume that other things are held constant. a. the division's basic earning power ratio is above the average of other firms in its industry. b. the division's total assets turnover ratio is below the average for other firms in its industry. c. the division's debt ratio is above the average for other firms in the industry. d. the division's inventory turnover is 6, whereas the average for its competitors is 8.e. the division's dso (days' sales outstanding) is 40, whereas the average for its competitors is 30.