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Can someone explain me how to get the results for Proj 2015? Thank you 2014 Proj 2015 Current Assets Cash $ 20 Accounts Receivable $
Can someone explain me how to get the results for Proj 2015? Thank you
2014 | Proj 2015 | ||||
Current Assets Cash | $ 20 | ||||
Accounts Receivable | $ 240 | ||||
Inventory | $ 240 | ||||
Total Current Assets | $ 500 | ||||
Net Plant & Equipment | $ 500 | ||||
Total Assets | $ 1,000 | ||||
Liabilities & Owners Equity | |||||
Accounts Payable | $ 100 | ||||
Notes Payable | $ 100 | ||||
Total Current Liabilities | $ 200 | ||||
Long Term Debt | $ 100 | ||||
Total Liabilities | $ 300 | ||||
Common Stock | $ 500 | ||||
Retained Earnings | $ 200 | ||||
Total Stockholders' Equity | $ 700 | ||||
Total Liabilities, Equity | $ 1,000 | ||||
Income Statement Sales | $ 2,000 | ||||
COGS | $ 1,200 | ||||
Gross profit | $ 800 | ||||
Selling and Admin Expense | $ 700 | ||||
EBIT | $ 100 | ||||
Interest Expense | $ 10 | $ 20 | |||
EBT | $ 90 | ||||
Taxes @ 40% | $ 36 | ||||
Net Income | $ 54 | ||||
Common Dividend | $ 21.6 | ||||
Addition to Retained Earnings | $ 32 | ||||
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