Question
1. Given the following financial information for MGM Resorts. 2015 2014 Accounts Payable $ 1,738 $ 1,916 Accounts Receivable 473 488 Additional Paid-in Capital 4,181
1. Given the following financial information for MGM Resorts.
2015 2014 Accounts Payable $ 1,738 $ 1,916 Accounts Receivable 473 488 Additional Paid-in Capital 4,181 4,181 Cash 2,283 1,803 Common Stock 5 5 Cost of Goods Sold 6,687 6,614 Current Portion of Long-term Debt 1,045 0 Depreciation 816 849 Dividends ? 110 Goodwill 2,897 2,897 Interest Expense 817 857 Inventory 104 108 Long-Term Debt 2,813 ? Net Property, Plant & Equipment 5,924 5,981 Retained Earnings ? ? Revenue 10,082 9,810 Selling General & Admin Expense 1,319 1,278 Tax Rate = 35%
1. Construct Income Statements for 2014 and 2015.
2. Construct Balance Sheets for 2014 and 2015.
3. Construct a Statement of Cash Flow for 2015.
4. Show how you found retained earning for 2014 and 2015.
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