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Download spreadsheet Financial Statements, Cash Flow, and Taxes-606875.xlsx a. Sales for 2021 were $462,650,000, and EBITDA was 14% of sales. Furthermore, depreciation and amortization
Download spreadsheet Financial Statements, Cash Flow, and Taxes-606875.xlsx a. Sales for 2021 were $462,650,000, and EBITDA was 14% of sales. Furthermore, depreciation and amortization were 18% of net fixed assets, Interest was $8,789,000, the corporate tax rate was 25%, and Laiho pays 46.25% 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 $ $ b. Construct the statement of stockholders' equity for the year ending December 31, 2021, and the 2021 statement of cash flows. Hint: The difference in accumulated depreciation from one year to the next is the annual depreciation expense for the year. Laiho Industries: Statement of Stockholders' Equity, December 31, 2021 (thousands of dollars) Total Stockholdere
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