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3. Long Questions {1) Answer the following questions regarding the given Balance Sheet and Income Statement for a fictitious company. ($ in millions}. Solve questions
3. Long Questions {1) Answer the following questions regarding the given Balance Sheet and Income Statement for a fictitious company. ($ in millions}. Solve questions (a) (b) (c) and {d} below. Balance sheet as of Dec. 31 2818 Cash $ 8,882 Accounts payable $ 4,384 Accounts receivable 8,834 Notes payable 1i 121 Inventory 14,283 Current liabilities i [11 Current assets $28,384 Long-term debt $28,328 Net fixed assets $58,888 Dwners' equity $53,382 Total assets $29,222 Total liab. at equity $29,222 Balance sheet as of Dec. 31 2811 Cash $ 8,488 Accounts payable $ 4,844 Accounts receivable 8,422 Notes payable 1,142 Inventory 15,288 Current liabilities $ 5,281 Current assets $31,181 Long-term debt $24,838 Net fixed assets $54 223 Owners' equity $55 822 Total assets $35,454 Total liab. at equity $35,454 2818 Income Statement Sales (2} COGS 3,828.88 Dther expenses 848.88 Depreciation 1,881.88 EBIT $ 4,882.88 Interest 228.88 EBT $ 4,211.88 Taxes {34%) 1,431.24 Net income :15 2,228.28 Dividends $1,411.88 Additions to RR 1.38328 2811 Income Statement Sales $12,838.88 COGS 4,282.88 Other expenses 824.88 Depreciation 1,238.88 EBIT $ 5,888.88 Interest 828.88 EBT $ 4,243.88 Taxes {34%) 1,812.82 Net income $ 3,138.38 Dividends [3} Additions tn RE 1512.33
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