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Cynthia is reviewing the (6) for the Winchester Pet Shop company. This financial statement shows that the pet shop has $300,000 in total assets, $200,000
Cynthia is reviewing the (6) for the Winchester Pet Shop company. This financial statement shows that the pet shop has $300,000 in total assets, $200,000 in total (7) , and $100,000 in owner's equity. She notices that the company doesn't pay any taxes. Cynthia reads the notes to the financial statements and finds out that Brenna Watkins is the owner of Winchester Pet Shop. She concludes that the company is organized as a (8) . That means that Brenna Watkins has (9) liability as the owner. If the pet shop company needed to access more capital quickly to expand, Brenna would most likely secure a (10) . Cynthia is assisting Brenna with that transaction and calculates the company's (11) by adding (12) and amortization to the pre-interest earning and subtracting the changes in net operating working capital and (13). . She finds the latter back in the financial statements, specifically on the 1 (14) in the Investing Activities section. After financing the expansion, Cynthia expects that Brenna's personal taxes would go down by at least $20,000 because her taxable income, which is mainly from the pet shop, puts her in a lower (15) . Cynthia enjoys her job as a financial advisor to small business clients. A=BalancesheetB=BankloanC=Capitalexpenditures (14) in the Investing Activities section. After financing the expansion, Cynthia expects that Brenna's personal taxes would go down by at least $20,000 because her taxable income, which is mainly from the pet shop, puts her in a lower (15) . Cynthia enjoys her job as a financial advisor to small business clients. A = Balance sheet B= Bank loan 2. C = Capital expenditures D= Current assets (?) E= Depreciation (5) F=EBITDA (2) G= For-profit corporation (3) H= Free cash flow [? I = Income statement ? J= Liabilities (5) K= Limited (5) L= Non-profit corporation (2) M= Mutual fund (3) N= Partnership (2) O= Preferred stock offering [? P= Sole proprietorship (5) Q= Statement of cash flows (2) R= Statement of stockholders' equity (5) S= Tax bracket T= Unlimited
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