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 3,447 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. Find 2015 Dividend. (Show work)
2. Find 2014 Retained Earnings and 2015 Retained Earnings. (Show Work)
3. Construct Income Statement for 2014 and 2015.
4, Construct Balance Sheets for 2014 and 2015.
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