I need help with finance worksheet problem
Assets
Cash and Cash Equivalents 2,500$ Sales 87,500$
Accounts Receivable 11,500 Cost of Goods Sold 81,813
Inventory 16,000 Depreciation Expense 1,531
Total Current Assets 30,000 Earnings Before -
Interest & Taxes (EBIT) 4,156
Fixed Assets Plant/Equipment 20,000 Interest Expense 1,375
Total Assets 50,000$ Earnings Before Taxes (EBT) 2,781
Taxes 973
Liabilities and Equity Net Income 1,808$
Accounts Payable 9,500
Short Term Note Payable 7,000
Accruals 5,500
Total Current Liabilities 22,000 Other data:
Long-term Debt 15,000 Shares outstanding (millions) 500
Total Debt 37,000 Common dividends $632.73
Year-end stock price $43.39
Owners Equity
Common Stock 2,000
Retained Earnings 11,000
Total Common Equity 13,000
Total Liabilities and Equity 50,000$
Kryloc, Inc. Financial Statements
MT 217 Unit 3 Challenge Problem
Kryloc Inc.
Balance Sheet
as of 12/31/2010
Kryloc Inc.
Income Statement
Period Ending 12/31/2010