Background: You are the Board of Acme Manufacturing. The Chief Financial Officer is presenting the income statements for the last two years (2013 and 2014). She presented the following results (all numbers are in thousands of $):

2013 2014

Revenue $10,500 $15,200

Costs of Goods Sold 5,000 5,500

Gross Profit 5,500 9,700

Sales and General Administration Costs 1,000 1,200

R&D Expense 200 200

You are also told the depreciation in 2013 was $700, taxes were $1,600 and interest expenses were $100. You do not have that information for 2014.

(1)What is the EBITDA for 2014 ?

(2) What is the EBITDA for 2013 ?

(3)What is the EBIT for 2013 ?

(4) What is the EAT for 2013 ?

Additional Background: You are further told that the balance sheet at the end of 2013 had $10,000 in Assets and $7,500 in liabilities. By difference you can figure out the owners equity in 2013. During 2014 the company retained $500 after paying out the remainder of EAT to shareholders as a dividend. No shares were issued or bought back during the period. There was no additional debt issued or bought back.

(5)What are the Assets on the Balance Sheet at the beginning of 2014 ?

(6) What are is the owners equity at the beginning of 2014 ?