4-5 2001 Income Statement Millions of s) Sales $2,00000 Less: COGS(60%) 1200.00 SGA coSts 700.00 EBIT $10000 Interest 16.00 EBT $84.00 Taxes(40%) 33.60 Net income $5040 Dividends( 30% $1512 Add'n to rE $3528 Copy right C 2002 by Harcourt, Inc. All rights reserved4 - 5 Copyright © 2002 by Harcourt, Inc. All rights reserved. 2001 Income Statement (Millions of $) Sales $2,000.00 Less: COGS (60%) 1,200.00 SGA costs 700.00 EBIT $ 100.00 Interest 16.00 EBT $ 84.00 Taxes (40%) 33.60 Net income $ 50.40 Dividends (30%) $15.12 Add’n to RE $35.28