cash. What happened to the cash during the year? the following B/S for Philippe Corporation. Identify the sources and uses of 2008 2009 Change Source or use $210 $215 +5 Cash 355 310 Inventory507 328 6,085 6,527 7,157 7.380 Source Use Total7 207 298 1,715 1,427 1,987 2,308 1,000 1,000 Retained earnings 2,248 2,347 TL&E 7,157 7,380 Use Source LTD 1 Q2. Prepare interpret the standardized net income? a common-size income statement based on the following information. How do Sales (Revenues) COGS Depreciation EBIT Interest Taxable income Taxes (34%) NI Dividends $4,053100% 2,780 68.8% 550 13.6% 723 17.8% 502 12.3% 221 5.5% 75 1.9% 146 3.6% 47 1.2% 99 2.4% Addition to retained earnings