Azmi Company: Balance Sheet Statement for the period ended December 31 2009(M) 2010(Million) Cash 80 10 Account Recievable (A/R) 315 375 Inventories 415 615 Total Current Asset 810 1,000 Net Fixed Asset 870 1,000 Total Assets 1,680 2,000 Liability and Equity: 60 30 Accts payable (A/P) 110 60 Notes payable 140 130 Accruals Total CL 220 310 Long-term debt 580 750 Total Liabilities 800 1060 Common stock 130 130 Retained earnings 750 810 Total Equity 880 940 Total L&E 1,680 2,000 Net Fixed Asset (NFA)= Gross Fixed asset - Accumulated Depreciation 2.1.2 Income Statement: Azmy Company: Income Statement for years Ending December 31 Sales 2009 (RM Million) 2,850 Operating cost (except depreciation) 2.497 2010 (RM Million) 3,000 2,616.2 383.8 353 EBITDA Depr. & Amort. 90 100 EBIT 263 283.8 Interest Exp. (60) (88) EBT 203.0 195.8 Taxes (81.2) (78.3) Net income Common dividends Addition to retained Earning 121.8 117.5 53.0 57.5 68.8 60.0 Operating Cost Include all expenses and COGS except depreciation expenses.