Draw up an income statement and balance sheet for this company for 2008 and 2009. 2008 2009
Question:
Draw up an income statement and balance sheet for this company for 2008 and 2009.
Balance SheetBalance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
Transcribed Image Text:
2008 2009 Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends $ 7,233 1,038 2,487 591 485 3,792 5,021 732 12,700 31,805 3,984 8,927 882 $8,085 1,085 2,942 515 579 4,041 5,892 15,435 33,921 4,025 9,555 1,011
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (20 reviews)
Given data 2008 2009 Sales 7233 8085 Depreciation 1038 1085 Cost of goods sold 2487 2942 Other expen...View the full answer
Answered By
Deborah Joseph
My experience has a tutor has helped me with learning and relearning. You learn everyday actually and there are changes that are made to the curriculum every time so being a tutor has helped in keeping me updated about the present curriculum and all.
I have also been able to help over 100 students achieve better grades particularly in the categories of Math and Biology both in their internal examinations and external examinations.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Fundamentals of corporate finance
ISBN: 978-0073382395
9th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Question Posted:
Students also viewed these Corporate Finance questions
-
Analytical case-complete an income statement and balance sheet using financial ratio data.Partially completed financial statements for Whittaker, Inc., follows: Whitaker, Inc. Income Statement For...
-
Refrigerated Trucks (RT) Company buys large refrigerated trucks from the manufacturer and sells them to companies and independent truckers. Because of the high cost of financing its inventory, RT...
-
Read ALL instructions before getting started! ABC Corporation is a new company that buys and sells office supplies. Business began on January 1, 2012. Given on the first two tabs are ABC's 12/31/12...
-
How important is the ability of international managers to undertake cultural interpretation work to the subsequent success of international strategies?
-
The company reported net income of $220,000 for the year and 100,000 shares of common stock were outstanding during the year. The income tax rate is 40%. The company has the following potentially...
-
FirstLight Lighting Company had earnings for 2008 of $150,600. The company had 90,000 shares of common stock outstanding during the year. In addition, the company issued 2,000 shares of $100 par...
-
Suppose you fit the regression model y = b0 + b1x1 + b2x2 + b3x3 + b4x1 2 + b5x3 2 + b6x1x3 + e to n = 28 data points and wish to test H0: b4 = b5 = b6 = 0 a. State the alternative hypothesis Ha. b....
-
In Section 5.1 data envelopment analysis was used to evaluate the relative efficiencies of four hospitals. Data for three input measures and four output measures were provided in Tables 1 and 2....
-
2. Which of the following is not an assumption of technical analysis? A. Security markets are efficient. B. The security under analysis is freely traded. C. Market trends and patterns tend to repeat...
-
Using the trial balance prepared for Binbutti Engineering in Part 4 of Problem 2-10A, prepare an income statement and statement of changes in equity for the three months ended July 31, 2020, and a...
-
Consider the following abbreviated financial statements for Parrothead Enterprises: a. What is owners' equity for 2008 and 2009? b. What is the change in net working capital for 2009? c. In 2009,...
-
For 2009, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders. 2008 2009 Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable...
-
A round wooden log with a diameter of 73 cm floats with one half of its radius out of the water. What is the log's density?
-
Case # 4 Joseph Joseph, a 19-year-old African American college freshman. Yesterday he spent the afternoon drinking beer and taking shots of vodka with his fraternity brothers. After 6 glasses of beer...
-
1. Kaldor facts [50 points] Kaldor (1961) documented a set of stylized facts on the growth process of industrialized countries. We discussed these facts in lecture 2. Explain if and how the...
-
County has the Investment Activities recorded in its general fund: Tesla Stock: Cost $100, Fair Value on Jan 1x1: $200; Fair Value on Dec 31x2: $300 DJT Stock: Cost: $100; Fair Value on Jan 1x1:...
-
Pets World is a retailer of a popular blend of organic dog food produced by Natural Pets Company. On average, Pets World sells 600 cans per week. The wholesale price that Natural Pets Company charges...
-
Out Supply-Chaining the King of Supply Chainers, How easy (or hard) would it be for rivals like Walmart or Carrefour to adopt Tesco's data management techniques? (Please provide reference...
-
Fill in the following table in the style of Figure 2.25. Give the integer values of the 5-bit arguments, the values of both their integer and two's-complement sums, the bit-level representation of...
-
From 1970 to 1990, Sri Lanka's population grew by approximately 2.2 million persons every five years. The population in 1970 was 12.2 million people.What is the best formula for P, Sri Lanka's...
-
Under standard accounting rules, it is possible for a companys liabilities to exceed its assets. When this occurs, the owners equity is negative. Can this happen with market values? Why or why not?
-
Under standard accounting rules, it is possible for a companys liabilities to exceed its assets. When this occurs, the owners equity is negative. Can this happen with market values? Why or why not?
-
Under standard accounting rules, it is possible for a companys liabilities to exceed its assets. When this occurs, the owners equity is negative. Can this happen with market values? Why or why not?
-
Long-term liabilities are shown in two places in the business firm's balance sheet depending upon when the long-term liabilities are scheduled for payment. True False
-
Julio is single with 1 withholding allowance. He earned $1,025.00 during the most recent semimonthly pay period. He needs to decide between contributing 3% and $30 to his 401(k) plan. If he chooses...
-
Acquirer firm plans to launch a takeover of Target firm. The manager of Acquirer indicates that the deal will increase the free cash flow of the combined business by $13.6m per year forever. The beta...
Study smarter with the SolutionInn App