Discussion question- Need ASAP
|
|
2015 |
|
Income Statement |
|
|
Sales |
17300 |
|
Cost of goods sold |
10600 |
|
Depreciation |
3280 |
|
EBIT |
3450 |
|
Interest |
680 |
|
EBT |
2770 |
|
Tax |
940 |
|
Net Income (EAT) |
1830 |
|
Dividends |
450 |
|
|
|
|
Balance Sheet |
|
|
Assets |
|
|
Current assets: |
|
|
Cash and securities |
350 |
|
Accounts receivable |
940 |
|
Inventories |
2360 |
|
Total current assets |
3650 |
|
Net fixed assets |
10850 |
|
Total assets |
14500 |
|
|
|
|
Liabilities and owners' equity |
|
|
Current liabilities |
|
|
Bank loan |
0 |
|
Accounts payable |
1920 |
|
Total current liabilities |
1920 |
|
Long-term debt |
3500 |
|
Common stock |
7500 |
|
Retained earnings |
1580 |
|
Total liabilities and owners' equity |
14500 |