Question
Cash Receivables Inventories of Financial Statements Barry Computer Company: Balance Sheet as of December 31, 2021 (in thousands) $144,760 421,120 315,840 Accounts payable Other
Cash Receivables Inventories of Financial Statements Barry Computer Company: Balance Sheet as of December 31, 2021 (in thousands) $144,760 421,120 315,840 Accounts payable Other current liabilities Notes payable to bank Total current assets $ 881,720 Total current liabilities Long-term debt Net fixed assets 434,280 Total assets Total liabilities and equity Common equity (55,272 shares) 315,840 552,720 $1,316,000 $1,316,000 Barry Computer Company: Income Statement for Year Ended December 31, 2021 (in thousands) Seles Cost of goods sold Materials Labor Heat, light, and power Indirect labor Gross profit Selling expenses General and administrative expenses Depreciation Earnings before interest and taxes (EBIT) Interest expense Earnings before taxes (EBT) Federal and state income taxes (25%) Net income $2,350,000 $1,081,000 634,500 141,000 141,000 1,997,500 $352,500 164,500 23,500 70,500 94,000 28,426 $ 65,574 16,394 49,180 $197,400 105,280 A-% 144,760 $447,440
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