Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Edit: Depreciation= 50 ; COGS exc. DEP= 550 You are given the partial income statement and balance sheets below, as well as information concerning certain
Edit: Depreciation= 50 ; COGS exc. DEP= 550
You are given the partial income statement and balance sheets below, as well as information concerning certain performance measurements on page 2. (If the performance measurements use balance sheet data, the measurements are based on 12/31/17 data.) Fill in all missing data in the income statement and balance sheets. Then, on page 3, calculate the 2017 statement of cash flows. Interest Coverage (Times Interest Earned) 7 DSO 18.25 days Current Ratio = 2 INCOME STATEMENT, 2017 Revenues COGS EXCLUDING DEPRE 100 50 Expenses EXCLUDING Interest EBI Interest 50 Net Income BALANCE SHEET, 12/31/17 BALANCE SHEET, 12/31/16 30 40 80 150 50 A/R nventor)y urrent Assets 900 150 750 ross PP&E Accum. Depre 200 Net PP&E Total Assets 900 A/P Accruals hort Term Debt Current Lia 30 20 50 100 10 80 100 Long Term Deb 50 300 Total Liabilities 450 400 Common Stock Retained Earnings ot. Com. Equity Dividend per Share 100 400 500 # of Common Sh 100 100Step 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