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FINC 0300 | Assignment 1 tax impact. Financial Statements America Coffee House Statement of Earnings (Income Statement) For the Year Ended Dec 31, 2017 In
FINC 0300 | Assignment 1 tax impact. Financial Statements America Coffee House Statement of Earnings (Income Statement) For the Year Ended Dec 31, 2017 In millions of dollars 2013 2014 2015 2016 2017 Revenue N. America Retail $50.00 $80.00 $120.00 $140.00 $110.00 Wholesale $20.00 $18.00 $18.00 $17.00 $18.00 International $10.00 $12.00 $14.00 $17.00 $21.00 Total Revenue $80.00 $110.00 $152.00 $174.00 $149.00 Cost of Goods Sold (COGS) $35.20 $51.70 $72.96 $85.26 $75.99 Gross Profit $44.80 $58.30 $79.04 $88.74 $73.01 Operating Expenses Advertising & Marketing $5.00 $5.00 $8.00 $8.00 $10.00 General & Administrative $9.00 $13.00 $15.00 $17.00 $20.00 Research, IT, & Development $3.00 $3.00 $3.00 $3.00 $3.00 Depreciation & Amortization $3.00 $7.00 $15.00 $22.00 $33.00 Total Operating Expenses $20.00 $28.00 $41.00 $50.00 $66.00 Operating Income $24.80 $30.30 $38.04 $38.74 $7.01 Interest Expense $5.60 $8.00 $9.60 $11.20 $12.80 Pre-tax Income $19.20 $22.30 $28.44 $27.54 $(5.79) Income Taxes $4.80 $5.58 $7.11 $6.89 $(1.45) Net Income (Loss) $14.40 $16.73 $21.33 $20.66 $(4.34) America Coffee House Statement of Financial Position (Balance Sheet) At Dec 31, 2017 In millions of dollars Assets 2013 2014 2015 2016 2017 Cash $30.00 $22.13 $25.16 $22.81 $6.47 Accounts Receivable $20.00 $26.00 $32.50 $37.50 $47.50 Inventory $15.00 $20.00 $35.00 $50.00 $65.00 Total Current Assets $65.00 $68.13 $92.66 $110.31 $118.97 Gross Property Plant & Equipment $164.00 $184.00 $200.00 $220.00 $240.00 Less: Accumulated Depreciation $(47.00) $ (54.00) $(69.00) $(91.00) $(124.00) Net Property, Plant, & Equipment $117.00 $130.00 $131.00 $129.00 $116.00 http:/huniversityofmanitoba.desire2learn.com/content/enforced 3/347544-19079.201990/Content/assignments/IP/assignment_1_B.html[2019-09-29 12:17:45 AM]FINC 0300 | Assignment ] Intangible Assets $50.00 $60.00 $60.00 $70.00 $70.00 Total Long-Term Assets $167.00 $190.00 $191.00 $199.00 $186.00 Total Assets $232.00 $258.13 $283.66 $309.31 $304.97 Liabilities Account Payable $44.00 $50.80 $60.00 $70.00 $75.00 Accrued Liabilities $12.40 $15.00 $20.00 $25.00 $30.00 Current Liabilities $56.40 $65.80 $80.00 $95.00 $105.00 Long-term Debt $70.00 $100.00 $120.00 $140.00 $160.00 Total Liabilities $126.40 $165.80 $200.00 $235.00 $265.00 Shareholder's Equity Common Shares $50.00 $50.00 $50.00 $50.00 $50.00 Preferred Shares $10.00 $10.00 $10.00 $10.00 $10.00 Retained Earnings $45.60 $32.33 $23.66 $14.31 $(20.03) Total Equity $105.60 $92.33 $83.66 $74.31 $39.97 Total Liabilities & Equity $232.00 $258.13 $283.66 $309.31 $304.97 http: /humniversityofmaritch a.desire2learn.com/content/enforced3/347544-19079.201990/Content/assignments/IP/assignment_1_B.html[2019-09-29 12:17:45 AM]
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