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fill the missing information work backwards, using the ratios, to fill in the missing information on the financial statements. Once you have completed the Income
fill the missing information
work backwards, using the ratios, to fill in the missing information on the financial statements. Once you have completed the Income Statement and Balance Sheet, go to Connect and fill in the requested information.
EB Corporation Ltd. Income Statement For the year ended December 31, 2021 Sales Cost of Goods Sold Operating Expenses Depreciation EBIT Interest Expense Tazable Income Taxes @ 30% Net Income $5,962,000.00 3,844,520.00 1,250,560.00 310,850.00 556.070.00 EB Corporation Ltd. Balance Sheet December 31, 2021 $25,000.00 Current Assets Cash Accounts Receivable Inventory Other Current Assets Total Current Assets Net Fixed Assets Current Liabilities Accounts Payable Notes Payable Other Current Liabilities $280,000.00 335,000.00 1,158,400.00 759,300.00 Total Current Liabilities Long Term Debt Total Debt Common Stock 1,647,950.00 Retained Earnings 770,950.00 Total Equity Total Liabilities & Shareholders' Equity Total Assets EB Corporation Ltd. Ratios Profit Margin Inventory Turnover Ratio Times Interest Earned Days Sales in AIR (Avera Total Debt Ratio Total Asset Turnover Debt Equity Foto in uw total dede Ceuta) 5.1% 10.21 4.426 87.16 0.59 1.00 1.46Step by Step Solution
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