Balance Sheet for Sunlight Company for 2019

Assets Liabilities.

Cash 563 Acc. Payable 282

Acc. Receivable 503 Notes payable 79

Inventory 299 Accruals 159

Total CA 1,365 Total CL 520

Net Fixed Assets 2,142 Long term debt 1,033

Total assets 3,507 Total Liab. 1,553

Equity 1,954

Total Liab. And equity 3,507

Number of shares outstanding is 76.3 shares

Price per share is $32.25

Purchases are 70% of the cost of goods sold.

Income Statement for Sunlight Company

Sales 3,174

Cost of goods sold 2,088

Gross profit 1086

Depreciation 239

Operating profit (EBIT) 847

Interest 93

Profit before Taxes 754

Taxes 94

Net profit after taxes 660

Preferred stock dividends 10

Earnings available to stockholders 650

Use the Balance sheet and Income statement to answer the following questions (1-19