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Hey, last time I posted this the majority of the answers were wrong. Thanks for the help. - Laiho Industries: Balance Sheets as of December
Hey, last time I posted this the majority of the answers were wrong. Thanks for the help. Laiho Industries: Balance Sheets as of December thousands of dollars Cash $ $ Accounts receivable $ $ Inventories $ $ Total current assets $ $ Net fixed assets $ $ Total assets $ $ Accounts payable $ $ Accruals $ $ Notes payable $ $ Total current liabilities $ $ Longterm debt $ $ Total liabilities $ $ Common stock $ $ Retained earnings $ $ Total common equity $ $ Total liabilities and equity $ $ Sales for were $ and EBITDA was of sales. Furthermore, depreciation and amortization were of net fixed assets, interest was $ the corporate tax rate was and Laiho pays of its net income as dividends. Given this information, construct the firm's income statement. Laiho Industries: Income Statement for Year Ending December thousands of dollars Sales $ Operating costs excluding depreciation and amortization EBITDA $ Depreciation and amortization EBIT $ Interest EBT $ Taxes Net income $ Common dividends $ Addition to retained earnings $ Construct the statement of stockholders' equity for the year ending December and the 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 thousands of dollars Common Stock Retained Earnings Total Stockholders' Equity Balances, December $ $ $ Common stock issue Net income $ Cash dividends $ Addition to retained earnings $ Balances, December $ $ $ Laiho Industries: Statement of Cash Flows for thousands of dollars Operating Activities Net income $ Depreciation and amortization Increase in accounts payable Increase in accruals Increase in accounts receivable Increase in inventories Net cash provided by operating activities $
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Hey, last time I posted this the majority of the answers were wrong. Thanks for the help.
Laiho Industries: Balance Sheets as of December thousands of dollars
Cash $ $
Accounts receivable $ $
Inventories $ $
Total current assets $ $
Net fixed assets $ $
Total assets $ $
Accounts payable $ $
Accruals $ $
Notes payable $ $
Total current liabilities $ $
Longterm debt $ $
Total liabilities $ $
Common stock $ $
Retained earnings $ $
Total common equity $ $
Total liabilities and equity $ $
Sales for were $ and EBITDA was of sales. Furthermore, depreciation and amortization were of net fixed assets, interest was $ the corporate tax rate was and Laiho pays of its net income as dividends. Given this information, construct the firm's income statement.
Laiho Industries: Income Statement for Year Ending December thousands of dollars
Sales $
Operating costs excluding depreciation and amortization
EBITDA $
Depreciation and amortization
EBIT $
Interest
EBT $
Taxes
Net income $
Common dividends $
Addition to retained earnings $
Construct the statement of stockholders' equity for the year ending December and the 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 thousands of dollars
Common Stock Retained Earnings Total Stockholders' Equity
Balances, December $ $ $
Common stock issue
Net income $
Cash dividends $
Addition to retained earnings $
Balances, December $ $ $
Laiho Industries: Statement of Cash Flows for thousands of dollars
Operating Activities
Net income $
Depreciation and amortization
Increase in accounts payable
Increase in accruals
Increase in accounts receivable
Increase in inventories
Net cash provided by operating activities $
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