Question
Historical Income Statement for MKH, Inc. Item 2019 $ millions 2020 $ millions Revenue Operating expenses Depreciation 810 (600) (80) 880 (640) (90) Operating Profit
Historical Income Statement for MKH, Inc.
Item
2019
$ millions
2020
$ millions
Revenue
Operating expenses
Depreciation
810
(600)
(80)
880
(640)
(90)
Operating Profit
Interest income
Interest expense
Loss on equity investment
130
5
(10)
0
150
5
(10)
(25)
Earnings before taxes
Taxes
125
(50)
120
(48)
Net Income
75
72
Historical Balance Sheet for MKH, Inc.
Item
2019
$ millions
2020
$ millions
Cash
Marketable Securities
Inventory
5
155
250
10
107
300
Current Assets
Property, plant, and equipment
Equity investments at cost
410
400
100
417
500
75
Total Assets
910
992
Accounts payable
Current portion of long-term debt
200
20
210
20
Current liabilities
Long-term debt
Equity
Retained earnings
220
200
100
390
230
200
100
462
Total liabilities and shareholder equity
910
992
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