Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Cash Accounts receivable Inventories Total current assets Net fixed assets Total assets $101,032 103,127 38,399 $242,558 66,554 $309,112 $ 91,610 84,214 34,487 $210,311 40,677 $250,988
Cash Accounts receivable Inventories Total current assets Net fixed assets Total assets $101,032 103,127 38,399 $242,558 66,554 $309,112 $ 91,610 84,214 34,487 $210,311 40,677 $250,988 Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity $ 30,032 30,978 16,955 $ 77,965 74,512 $152,477 95,000 61,635 $156,635 $309,112 $ 21,670 22,936 14,285 $ 58,891 63,312 $122,203 85,000 43,785 $128,785 $250,988 The data has been collected in the Microsoft Excel file below. Download the spreadsheet and perform the required analysis to answer the questions below. Do not rund intermediate calculations. Enter your ans in thousands. For example, an answer of $1 thousand should be entered as 1, not 1,000. Round your answers to the nearest whole number. Use a minus sign to enter negative values, if any. nload onroadchoot Financial Statements Cash Flow and Taxes-24eebf.xlsx Q Search this course al Statements, Cash Flow, and Taxes x Download spreadsheet rinancial statements, LASITIUW, and taxes 24eebr.XISX a. Sales for 2021 were $434,650,000, and EBITDA was 15% of sales. Furthermore, depreciation and amortization were 17% of net fixed assets, interest was $8,766,000, the corporate tax rate was 25%, and Laiho pays 47.25% of its net income as dividends. Given this information, construct the firm's 2021 income statement. Laiho Industries: Income Statement for Year Ending December 31, 2021 (thousands of dollars) 2021 Sales $ Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization $ EBIT $ Interest EBT $ Taxes (25%) $ Net income $ Common dividends Addition to retained earnings $ 1 and the 2021 statement of cash flows
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started